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Secondary issue

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Secondary issue
(1) Procedure for selling blocks of seasoned issues of stocks. (2) More generally, sale of already issued stock.

Secondary issue
1. The sale of a security that has already been issued. Generally speaking, it refers to any sale of a security other than transactions at the initial public offering, in the case of a stock, or the issuance, in the case of a bond.

2. The procedure followed when a firm attempts to sell more than 10,000 stocks or $200,000 worth of bonds that have previously been issued. See also: Seasoned stocks, Block.


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