Stock market crash is a sudden and unexpected drop in the price of stocks. It can come as a side effect to other major catastrophic events in the economy.
Spot date is a day when a spot trade transaction is carried out, meaning it is the exact day when the involved-in-transaction funds are transferred. In currency market spot date is usually set in 2 days after the order is placed.
Secondary market is a market where traders sell assets they already own. A lot of people think of it as a stock market, but it is incorrect as stocks are also traded in the primary market. New York Stock Exchange and NASDAQ are the secondary markets.
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