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Secondary Market
The marketplace for buying and selling previously issued securities or financial instruments, such as stocks and bonds.
Initial Sale
The first time a company's product or service is sold, marking the beginning of its commercial journey.
Security
A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
Financial Intermediaries
Institutions that facilitate the channeling of funds between savers and borrowers, by ensuring the flow of capital.
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