Glossary

Glossary

Term Book Chapter Definition
Secondary Market CFA Level 1 Exam Chapter 7: Equity Investments In the secondary market, investors trade already-issued shares amongst themselves.
Secondary Market Money and Banking Chapter 3: The Financial System and Its Components The secondary market is where previously issued securities are bought and sold among investors. While the issuing company does not directly benefit from transactions in the secondary market, these markets are vital for providing liquidity and price discov