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Secondary market
The
secondary market
, also called the
aftermarket
, is the
financial market
in which previously issued
financial instruments
such as
stock
,
bonds
,
options
, and
futures
are bought and sold. Another frequent usage of "secondary market" is to refer to loans which are sold by a
mortgage bank
to
investors
such as
Fannie Mae
and
Freddie Mac
.
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