gray market

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gray market

n.
1. The business of buying or selling goods, such as imports, at prices below those set by an official regulatory agency or at prices below those prevailing in an established market.
2. The business of buying or selling securities that have not yet been officially issued and are not available through established brokers.

gray′ mar′ket


n.
1. a market operating within the law in which scarce goods are sold at above-market prices.
2. the selling of goods bought at a very large discount at prices substantially below the market price.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.gray market - an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
market, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"
Translations
References in periodicals archive ?
A proposal to slap anti-dumping duty on Chinese pen drives could lead to more than doubling of data storage device prices and encourage grey market trade according to a section of domestic industry players.
The decline was chiefly attributed to the pressure in the sector triggered by the entry into force of a set of restrictive requirements included in the Waste Management Act and the process of bringing into the light grey market trade in ferrous and nonferrous metals.
Ironic as this may seem, experts believe that a majority of resellers involved in grey market trade either do so because they are unaware of the harm it can cause to the brand and their own organisation or do so to make quick profits.