Capital Market Capital Market - The market for relatively long-term greater than one year original maturity) financial instruments Primary Market-A market where new securities are bought and sold for the first time(a new issues market) Secondary Market-A market for existing (used) securities rather than new issues 19-319-3 Capital Market Capital Market -- The market for relatively long-term (greater than one year original maturity) financial instruments. Primary Market -- A market where new securities are bought and sold for the first time (a new issues market). Secondary Market -- A market for existing (used) securities rather than new issues