A trading market for bonds and other debt instruments after they have been issued. A bond may be issued at a par value of $1,000, but, depending on fluctuations in interest rates, it may sell for more or less than the $1,000 issuing price on the secondary market.
Markets in which securities and financial assets are traded among investors after they have been issued by corporations.
A market place for an outstanding (vs. newly-issued) asset. Sales of previously-owned automobiles or existing home sales are examples of secondary market trading -- as are stock exchanges, over-the-counter trading of stocks and bonds, world-wide currency markets (as opposed to the “primary markets” for newly-issued securities). By extension, lifetime settlements represent a secondary market in previously-owned (“outstanding”) life insurance policies.
Markets in which mortgages or mortgage-backed securities are bought and sold.
Secondary markets are asset markets where securities are traded after they have been issued or sold on primary markets.
A secondary market is an organization that purchases student loans. Some lenders may sell your loan to a secondary market, and when that happens, the original lender passes all responsibility and ownership of your loans to the secondary market. Although many lenders choose to sell your loans to a secondary market, it is Southwest's philosophy to keep your loan with the same provider for the life of the loan. You'll receive the benefits of having loan terms and conditions that do not change, and our process will give you easier and more convenient tracking of your education loans.
Exchanges and over-the-counter markets where securities are bought and sold subsequent to their original issuance, which took place in the primary market.