gray market

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gray market

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.

gray′ mar′ket

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.
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"
References in periodicals archive ?
According to the surveys on Non-Observed Economy of the Department of Statistics, hidden economy made 15.2-18.9% of Lithuania's GDP in 2003 (Juskiene, Markelevicius 2003).
In this paper, we attempt to measure the non-observed economy (NOE) in one of the post-communist countries where the transition from a planned economy to a market-based economy has been more complex: Bosnia and Herzegovina (BiH).
However, according to the research of the International Monetary Fund, the volume of non-observed economy in 2015 was 37.9% (about 185 billion som).

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