AFTERMARKET

Etymology

Noun

aftermarket (plural aftermarkets)

(business) The market for further goods and services, such as replacement parts and accessories, subsequent to the sale of a product such as an automobile or computer.

(business) The industry that serves that market.

(finance) Trading activity in a security immediately following its initial offering to the public.

Antonyms

• (business): OEM

Verb

aftermarket (third-person singular simple present aftermarkets, present participle aftermarketing, simple past and past participle aftermarketed)

(business) To sell goods or services in the aftermarket.

Source: Wiktionary

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