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
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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References in periodicals archive ?
Thus, "a gray-market good is Cygenuine' only if it does not materially differ from the U.S.
Thus, "a gray-market good is 'genuine' only if it does not materially differ from the U.S.
Rosenthal, Frustration Over Gray-Market Drugs Lingers Throughout Nation, 104 JNCI 4, 264 (2012), available at http://jnci.oxfordjournals.org/ content/104/4/264.full.pdf+html.
Shipments reached their peak in 2011 with a total of 250.4 million gray-market cellphones.
Gray-market handsets, as defined by IHS, include counterfeit products like fake iPhones as well as white-box cellphones on which any logo can be readily imprinted.
In fact, local consumers could acquire gray-market HTC-branded phones in the past.
We shall show that the bundled service levels provided by the authorized retailers may fail if gray-market distributors provide the good with less service.
These are called "gray-market goods," which means they are foreign manufactured goods, bearing a valid United States trademark, imported without the consent of the U.S.