secondary market Meaning in the Cambridge English Dictionary

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 ​municipalbondmarket has the ​liquidity to ​enable the ​bonds to be ​traded on a ​secondarymarket.
COMMERCE, MARKETING customers other than those for whom a ​product was originally made: Grocery ​stores can ​sell discarded bags to a ​secondarymarket for ​recycledplastics.
COMMERCE, MARKETING the ​selling of ​products that are ​connected with a ​mainproduct: Hollywood has ​developedsecondarymarkets - from ​DVDs to toys - to ​bring in ​additionalrevenue.
(Definition of secondary market from the Cambridge Business English Dictionary © Cambridge University Press)
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