secondary market

secondary market definition - business

secondary market

The market in which existing securities are traded among investors through an intermediary. Exchanges such as the New York Stock Exchange and Nasdaq facilitate the trading of securities in the secondary market. Also called aftermarket. Compare fourth market. See also primary market, third market.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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