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.

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.
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"
Translations
References in periodicals archive ?
Gray market practices in both superstores have been challenged in some quarters and defended in others.
The gray market is the sale of imported new or used machinery at prices discounted below typical market prices for equipment and machinery sold by dealers in the marketplace.
The gray market also includes many discount drug stores and "cosmetics conventions," where thrifty noses meet.
But a recent study that quantifies the scope and impact of the gray market could inspire what may be the biggest financial risk management push the high-tech sector has seen recently.
With the value of gray market products sold throughout the world topping a billion dollars annually, exporters of manufactured goods can hardly afford to remain vulnerable to this phenomenon.