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English definition of “primary market”

primary market

noun [C]    
COMMERCE, MARKETING the most important customers to which a company sells its products or services : Our primary market is males from 17 to 41. The primary market for the company's services are large corporations and branches of the government .
COMMERCE, MARKETING the sale of goods and services at the time they are first made available , rather than when they are bought or sold later : The company sells tickets to concerts and sports events on the primary market .
FINANCE, STOCK MARKET the sale of shares , bonds , etc. at the time they are first made available , rather than when they are traded later : Investment banks are the principal underwriters for initial public offerings in the primary market . → Compare fourth market, secondary market, third market
(Definition of primary market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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