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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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
gray market
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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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The government has been making some efforts to control grey market, but these efforts are mainly driven by the heightened security threats, terrorist activities and extortionist threats conducted through the use of unregistered cellphones.
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