Define dealer market

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter10: Accounting For Sales And Cash Receipts
Section10.1: Accounting For Sales On Account
Problem 1AYU
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Define dealer market

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Usually, secondary market is a place in which investor will buy and sell securities between themselves. Gains and losses accrue not to the issuing company but to these investors. Two types of secondary markets are as follows,

  • Auction market,
  • Dealer market.
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