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English definition of “secondary market”

secondary market

noun [C]    
FINANCE, STOCK MARKET the trading of existing bonds, shares, etc. rather than new ones: It will be several years before an Italian municipal bond market has the liquidity to enable the bonds to be traded on a secondary market. → Compare fourth market, primary market, third market
COMMERCE, MARKETING customers other than those for whom a product was originally made: Grocery stores can sell discarded bags to a secondary market for recycled plastics.
COMMERCE, MARKETING the selling of products that are connected with a main product: Hollywood has developed secondary markets - from DVDs to toys - to bring in additional revenue.
(Definition of secondary market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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