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A rule of conduct or procedure established by custom, agreement, or authority. The body of rules and principles governing the affairs of a community and enforced by a political authority; a legal system: international law. The condition of social order and justice created by adherence to such a system: a breakdown of law and civilized behavior. A set of rules or principles dealing with a specific area of a legal system: tax law; criminal law. A piece of enacted legislation. What is Law?


The aftermarket is the financial market for trading of already issued
securities. In the secondary market, securities are sold by and transferred
from one investor to another. It is therefore important that the secondary
market be highly liquid and transparent. The eligibility of shares and bonds
for trading in the secondary market is regulated through financial
supervisory authorities and the rules of the market place in question, which
could be a stock exchange.
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