$require{mediawiki-texvc}$The green valley (GV) represents an important transitional state from actively star-forming galaxies to passively evolving systems. Its traditional definition, based on colour, rests on a number of assumptions that can be subject to non-trivial systematics. In Angthopo et al. (2019), we proposed a new definition of the GV based on the 4000$AA$ break strength. In this paper, we explore in detail the properties of the underlying stellar populations by use of ~230 thousand high-quality spectra from the Sloan Digital Sky Survey (SDSS), contrasting our results with a traditional approach via dust-corrected colours. We explore high quality stacked SDSS spectra, and find a population trend that suggests a substantial difference between low- and high-mass galaxies, with the former featuring younger populations with star formation quenching, and the latter showing older (post-quenching) populations that include rejuvenation events. Subtle but measurable differences are found between a colour-based approach and our definition, especially as our selection of GV galaxies produces a cleaner stratification of the GV, with more homogeneous population properties within sections of the GV. Our definition based on 4000$AA$ break strength gives a clean representation of the transition to quiescence, easily measurable in the upcoming and future spectroscopic surveys.
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