grey market

World English Dictionary
grey market
1.  Compare black market a system involving the secret but not illegal sale of goods at excessive prices
2.  stock exchange a market in the shares of a new issue, in which market makers deal with investors who have applied for shares but not yet received an allotment
3.  the market for goods and services created by older people with a comfortable disposable income and increased opportunities for spending it

Collins English Dictionary - Complete & Unabridged 10th Edition
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