Business Glossary

1. exchanges and over-the-counter markets where securities are bought and sold subsequent to original issuance, which took place in the primary market . Proceeds of secondary market sales accrue to the selling dealers and investors, not to the companies that originally issued the securities.
2. market in which money-market instruments are traded among investors.

the market where existing loans, marketable securities, stocks, bonds, and other assets are sold to investors, either directly or through an intermediary.

1. Money Market.The market where marketable debt instruments are offered by dealers for resale to new investors. For example, the dealer market in negotiable Certificate of Deposit (CDs) is concentrated in 25 dealers based in New York. Trades in negotiable CDs between dealers and their customers are in lots of $1 million or more.
2. Mortgages. The nationwide secondary mortgage market for purchase and sale of existing mortgages; the market in which mortgages are originated is the primary market.See also securitization .

1. exchanges and over-the-counter markets where securities are bought and sold subsequent to original issuance, which took place in the primary market .
2. market in which money market instruments are traded among investors.