secondary market

noun

Legal Definition of secondary market

1 : the market in which previously issued securities are sold — compare primary market
2 : the market in which existing mortgages are bought and sold

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Cite this Entry

“Secondary market.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/secondary%20market. Accessed 30 Sep. 2020.

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