Describes the sale of securities that have not officially been issued to firms other than the underwriting syndicate. This type of market serves as a good indicator of demand for a new issue in the public market.
Similar Matches
Accrued market discount
Accrued market discount The rise in the market value of a discount bond as it approaches maturity (when it is redeemable at par) and not because of falling market interest rates.
Actual market
Actual market Used in context of general equities. Firm market. Antithesis of Subject market.