Meaning of the word "secondary market" in English
What does "secondary market" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
secondary market
US /ˈsɛk.ən.dɛr.i ˈmɑːr.kɪt/
UK /ˈsɛk.ən.dri ˈmɑː.kɪt/
Noun
1.
a market where investors buy and sell securities from other investors, rather than from the issuing company itself
Example:
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Most stock trading occurs on the secondary market.
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The bonds were initially sold in the primary market and are now traded in the secondary market.
2.
a market for previously owned goods, such as used cars or collectibles
Example:
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The vintage car was sold on the secondary market for a high price.
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There's a thriving secondary market for rare comic books.