secondary market
noun [ C ]
ukus 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customers other than those for whom a product was originally made: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.