grey market


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grey market

or

gray market

n
1. (Commerce) a system involving the secret but not illegal sale of goods at excessive prices. Compare black market
2. (Stock Exchange) stock exchange a market in the shares of a new issue, in which market makers deal with investors who have applied for shares but not yet received an allotment
3. (Economics) the market for goods and services created by older people with a comfortable disposable income and increased opportunities for spending it
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.grey 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 ?
By contrast, the US grey market is largely used by technology startups.
By the time a buyer reaches TGBN, they have most likely exhausted their own network of authorized channels and have little choice but to turn to the multi-billion dollar grey market.
In addition to working with law enforcement officials, Xerox also conducts partner training to help the channel improve their knowledge of the grey market and its disadvantages to their customers.
The grey market overall is impacted by an accelerated decrease in the sales of lower-end handsets known as feature phones.
The report, titled ' Socio- economic Impact of counterfeiting, smuggling and tax evasion in seven key Indian industry sectors', studied the impact of the grey market on sectors like auto components, alcohol, computer hardware, FMCG ( personal and packaged goods), mobile phones and tobacco.
The flexibility of CFDs, along with 24-hour access to global markets made possible through online trading, make our grey market an excellent way to take advantage of the growing speculation over Facebook's impending float.
What you may not know, is that even though the phone is yet to be released here in the Middle East, if you try hard enough you could score a phone of the grey market.
Although there are no official figures for grey market activity, anecdotal evidence suggests it is growing, as retailers, desperate to keep prices as low as possible during the economic crisis, are understood to have grown tired of accepting requests for price increases from suppliers.
Grey market products are branded products diverted from an authorised distribution channel or imported into another country, most probably without the knowledge or consent of the manufacturer or brand owner.
And when companies are struggling, they often look for a quick fix to the problem, such as the grey market.
The infiltration of counterfeit and grey market dental products into North America is a growing issue of concern affecting the dental industry, and Kerr has chosen to proactively address it as a form of quality assurance for its customers.
The proposed regulations are a direct response to the dangers posed by the grey market, which reportedly accounts for up to 25 per cent of all business aviation operations in the region.