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.
Translations
References in periodicals archive ?
When discounted products are diverted to the gray market, the OEM gets nothing back from discounting its products except reduced revenue.
Apparently, gray market dealers are charging much smaller premiums for the 10th anniversary iPhone and this could be indicative of the low demand for the device in the asian country.
The serialization system consists of an AuthentiTrack database for generating and managing all serial numbers, including all events associated with that bar code; a packaging line serialization system to print and verify bar codes on each level of packaging; and a downstream supply chain traceability system to track products and detect incidents of gray market diversion.
LifeScan Inc., manufacturer of the OneTouch blood glucose monitoring systems, announced three settlements with distributors of gray market OneTouch test strips that resulted in permanent injunctions and damages of $8 million, bringing LifeScan's total to $29 million collected from counterfeiters and diverters.
For example, when unauthorized resellers falsely advertise and associate branded products of original manufacturers by offering product amenities, such as rebates, warranties, special programs and the like that such gray market resellers have no authority to offer or are incapable of delivering.
But in health care, this gray market has two problems: First, many people are morally troubled by the dramatic increase in price that prescription drug gray markets produce.
com, to help protect oral health care providers and patients from potentially unsafe gray market dental products.
In India the gray market has more vast opportunities but the big brands are taking more steps to curb this menace.
Keywords: gray market, parallel trade, trade diversion
Gray market growers and dealers have little of the risk that black market producers do, and they don't pay taxes on their product.
Unfortunately, failing to have a brand strategy in place well before product ever ships can be an open invitation for opportunists or unprincipled competitors to begin registering trademarks, cybersquatting or selling counterfeit or gray market goods.
A gray market forms when a distributer buys a manufacturer's goods, imports them into the United States, and competes with the trademark holder's goods, often times at cheaper prices.