secondarysec·ond·a·ry /ˈsekəndəri-deri/ adjectiveadj1secondary shares/bonds etcFINANCE shares, stocks etc in companies that are not considered to be the biggest or most importantSYN SECOND-TIERThe market for secondary corporate issues was quiet yesterday.
2secondary industry/productCOMMERCE an industry or product that has developed from another industry and uses materials from that larger industrySecondary industries turn products from farming into more useful forms, eg wool into cloth.
3secondary market/trading etcFINANCE trading of shares, bonds etc that have already been ISSUED (=made available and sold for the first time), and which are now available on the market for other investors to buy and sellThe primary market has been out-performing the secondary market in terms of value over the past four years.
the 300,000 shares in the secondary offering