Secondary market - Financial definition
Financial acronyms
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Concise definition of the term secondary market
The secondary market is the market on which securities are being negotiated once they have been issued.
Comprehensive definition of the term secondary market
The secondary market plays a key role in finance because it allows holders of securities to sell them before maturity. They can thus be transformed back into liquidity quickly if required, which is an essential quality in an investment for many market participants.