second-tier

second-tier
second-tier ˌsecond-ˈtier also ˌsecond-ˈline, ˌsecond-ˈsection adjective FINANCE
1. second-tier shares/​bonds etc shares, bonds etc in companies that are not considered to be the biggest or most important:

• Since October, second-tier securities have exhibited some upward movement.

2. second-tier company/​firm a company that is not considered to be one of the biggest or most important:

• Many second-tier companies are expected to gain as a result of the higher dollar.

• Portugal's stock exchanges opened second-tier markets to provide financing for small and medium-sized companies.

— compare blue chip, first-tier

* * *

second-tier UK US adjective [before noun]
► used to describe a product, organization, etc. that is not among the biggest, most successful, or most important of its type: »

Savings levels in second-tier regional banks are showing steady growth this quarter.

 »

second-tier perfume brands

→ Compare FIRST TIER(Cf. ↑first tier), TOP-TIER(Cf. ↑top-tier)

Financial and business terms. 2012.

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