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 ?
Grey markets end up hurting everyone including retailers, consumers, manufacturers and the industry as a whole.
The argument that lower prices benefit consumers is incorrect and there's going to be a further drastic increase in consumer complaints, unless the rampant grey market is controlled.
In 2014 these specials have included IPO grey markets on Alibaba, TSB Banking Group and Zoopla.
com)-- FinancialSpreads, the UK spread trading and CFD trading company, has seen its Alibaba IPO grey market spike 10% higher.
The grey markets reduce customer satisfaction, loyalty and ultimately impact service levels provided by companies such as Xerox Emirates, it said.
Xerox Emirates, a joint venture between Xerox Corporation and Mohamed Hareb Al Otaiba, supported by Dubai Economic Department, have initiated a nation-wide programme to counter the illegal import of grey market consumables.
As with grey markets previously offered by IG Markets (some examples include the floats of Queensland Rail, Tatts group and Telstra), the level of the Facebook share CFDs will be driven by supply and demand.
For traders who have an interest in Facebook and a view on the valuation at which it will float, IG Markets' grey market on the stock is available twenty-four hours a day through IG Markets' trading platform, PureDeal.
Unfortunately, grey markets did not disappear in 1992 when the recession did, according to industry experts.
No data is ever published, and the tracking of goods is difficult if not impossible, because it all depends on how diversion and grey markets are defined, according to Donald DeKieffer, an attorney with DeKieffer & Horgan, a Washington D.
Observers and participants in the grey markets are full of stories and anecdotes, some of them apocryphal, but truth and fiction are another grey area.
A new study from KPMG LLP indicates that as much as pounds 25 billion of computer-related products are passing through the grey market each year.