GRAY MARKET

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency

Synonyms:

gray market; grey market

Classified under:

Nouns denoting acts or actions

Hypernyms ("gray market" is a kind of...):

market; market place; marketplace (the world of commercial activity where goods and services are bought and sold)

Credits