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Secondary market |
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Secondary marketThe trading of shares amongst investors which does not involve the company itself. When people talk about trading on the stock market, they are generally referring to the secondary market, which involves brokers, market makers and an exchange providing a technical platform for trades to take place. The companies and their shares are the subject of the trading, but they are not directly involved as participants.The primary market refers to the situation in which a company sells newly issued shares to investors, possibly in an IPO, or places them with institutions.Secondary 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.Secondary market Similar MatchesSecondary issueSecondary issue(1) Procedure for selling blocks of seasoned issues of stocks. (2) More generally, sale of already issued stock. Secondary tariffsSecondary tariffsAny charges imposed on imports in addition to the statutory tariff, such as an import surcharge. 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 FinancingSecondary FinancingA loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed. Spot secondarySpot secondarySecondary distribution that may not require an SEC registration statement and may be attempted without delay. An underwriting discount is normally included in these offerings. Further SuggestionsSecondary mortgage marketForfaiter (Secondary) Secondary Offering Registered secondary offering Secondary distribution or offering |
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