Meaning of “secondary market” in the English Dictionary

"secondary market" in Business English

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secondary marketnoun [ C ]

uk us

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.

COMMERCE, MARKETING customers other than those for whom a product was originally made: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” from the Cambridge Business English Dictionary © Cambridge University Press)