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 ?
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.net.
Friedman, Business and Legal Strategies for Combating Grey-Market Imports, 32 INT'L Law.
Shipments of grey devices reached their peak in 2011 with a total of 250.4 million grey-market cellphones.