The capital market is a market that trades securities in the form of the financial instruments in the form of long-term capital (equilty) and debt. Term capital market is used as a translation of capility market, which means a place or system of how to meet the need - the need for a capital fund of a company. The stock market is a place where people buy or sell securities newly issued securities. Another popular term is used securities market.
(Kasmir, Banks and Other Financial Institutions, (cet. 11, pp. 185, Jakarta: PT. Raja Grafindo Persada, 2012),