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 calculations of the authors, which represented Institute of Social and Labour Research based on the data of the State Social Insurance the extent of hidden employment in 2003 reached about 200 thousand while according to the data of the Survey on Non-Observed Economy this number equaled about 100 thousand.
The size of non-observed economy in relation to GDP in 2012 amounted to 15% in Russia, in Kazakhstan - 19.

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