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

Comments on secondary market

What made you want to look up secondary market? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

one from the Upper Peninsula of Michigan

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!