The capital market is the general term for a financial market in which:

Short-term debt, equities and securities, as well as short-term financial instruments are traded; maturities are generally less than one year

Medium to long-term debt and financial instruments, as well as medium and long-term securities are traded until they reach maturity

Only long-term corporate bonds, with maturities of five years or more, are bought and sold

Only short-term financial instruments and short-term securities are traded