gray market

gray market
a market operating within the law but charging prices substantially below list prices or those fixed by an official agency. Cf. black market.
[1945-50]

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Universalium. 2010.

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  • gray market goods — Foreign manufactured goods, bearing a valid United States trademark, that are imported without the consent of the U.S. trademark holder. The gray market arises in three general contexts. In the first case, despite a domestic firm s having… …   Black's law dictionary

  • gray market — noun an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency • Syn: ↑grey market • Hypernyms: ↑market, ↑marketplace, ↑market place …   Useful english dictionary

  • gray market — noun Date: 1946 a market employing irregular but not illegal methods; especially a market that legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer …   New Collegiate Dictionary

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