Secondary Market
/ˈsɛkəndɛri ˈmɑrkɪt/
Definitions
- (n.) A marketplace where pre-owned or previously issued securities, loans, or assets are bought and sold among investors, distinct from the primary market where new issues are sold by issuers.
Investors often turn to the secondary market to buy shares after the initial public offering.
Forms
- secondary market
Related terms
See also
Commentary
The secondary market facilitates liquidity and price discovery for financial instruments after their initial issuance, crucial in securities regulation and trading law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.