|
|
Secondary Financing |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Secondary FinancingA loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed.Secondary Financing Similar MatchesSecondary marketSecondary marketThe market in which securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the bond markets, are secondary markets. Seasoned securities are traded in the secondary market. Forfaiter (Secondary)Forfaiter (Secondary)An individual or financial entity that buys or sells the payment obligations of the importer/ guarantor. Secondary Mortgage MarketSecondary Mortgage MarketThe buying and selling of first mortgages of trust deeds by banks, insurance companies, government agencies, and other mortgagees. This enables lenders to keep an adequate supply of money for new loans. The mortgages may be sold at full value (par) or above, but are usually sold at discount. The secondary mortgage market should not be confused with second mortgage. Secondary issueSecondary issue(1) Procedure for selling blocks of seasoned issues of stocks. (2) More generally, sale of already issued stock. Registered secondary offeringRegistered secondary offeringA reoffering of a large block of securities, previously publicly issued, by the holder of a large portion of some corporation through an investment firm. Further SuggestionsSecondary mortgage marketsecondary market Spot secondary Secondary distribution or offering Secondary tariffs Secondary Offering |
|
|
|