Plain-language glossary
Secondary market
A secondary market enables an existing holder to sell a security or fund interest to another buyer rather than buying newly issued securities from the company.
For startup investors
Where this term changes your decision
Use this term to identify the instrument, economics, rights, or regulatory route in the actual documents. Do not infer current availability or suitability from a definition alone.
View the original source →Reviewed August 24, 2026 · Educational information