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.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive ?
HP Philippines is encouraging its distributors, resellers and end customers to help combat grey marketing in the country by being vigilant against the unfair trade practice.
Grey marketing diverts genuine commodities from their authorized distribution channels without the consent or knowledge of the manufacturer or brand owner, often to take advantage of the product's high demand and retail price due to scarcity.
Because of this, the BIR conducted a probe against Villalba whom it found to be engaged in the wholesale and retail of computer products using Gamma Grey Marketing.