Definitions for "Secondary markets"
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.
Keywords:  aftermarket, see
See Aftermarket.
Agencies with the authorization to buy student loans from lending institutions.