secondary market
The secondary market is where people buy and sell investments like bonds after they were first issued rather than buying directly from the borrower. Think of it like buying a used car instead of a brand new one straight from the factory.
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Words beside it
- Bear market
A fall of 20 percent or more from a high. They happen every few years and end every time so far.
- Bull market
A long rise. Feels permanent from the inside.
- market
The market is the overall system where buyers and sellers trade things like bonds and shares, and prices move up or down based on how many people want to buy or sell at any given moment. You do not visit it like a store but it shapes the price of almost every financial product you might own.
- Market cap
A company's share price times its shares. What the market says the equity is worth.
- market index
A group of stocks or securities chosen to represent a particular market or sector, used to track how that market is performing.
- Market maker
A firm that quotes both a buy and a sell price and earns the gap between them.
- Market order
An order to buy or sell immediately at the best available price. Fast, but the price is not guaranteed.
- Money market fund
A fund holding very short term debt; near cash, small yield.
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