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 ?
Demand for the FaceTime app is helping keep sales of grey-market iPhones (grey market refers to the legal sales of items through a secondary market) alive in the UAE.
The recent nosedive in Apple Watch grey-market prices in the UAE is a sign of "natural competition" rather than an indication of overstock or an imminent official launch of the Cupertino company's wearable device, e-retailer Jado Pado told ITP.
A combination of supply and demand factors is causing demand to decline for grey-market cellphones," said Kevin Wang, director of China research at IHS.
WDSGlobal has published a report that suggests grey-market mobile phone ownership will present an increasing challenge for African mobile operators in 2009, despite a global drop in their circulation.
However, in 2005 the international vendors' continuing efforts to develop the handset market in China's second-level and third-level cities, combined with the impact of fake-brand and grey-market handsets on sales in rural areas and smaller cities, put the Chinese vendors under heavy pressure.
Dubai Impatient iPhone 4S fans are paying as much as Dh7,999 for the grey-market version of the phone in the UAE.