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The asker has declined this answer Comment: The term did not have anything to do with the stock market.
54 mins confidence:
second tier market
Explanation: If this is about the stock market: in some cases, in addition to the official, first tier market (fully listed stocks), there is a second one (with the traded stocks). The names might be different in each country, but essentially, this would be the second tier. (This is not the same as the OTC market, of course.)
Eva Blanar Hungary Local time: 05:59 Native speaker of: Hungarian