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black market

noun
1.
the illicit buying and selling of goods in violation of legal price controls, rationing, etc.
2.
a place where such activity is carried on.
Origin
1930-1935
1930-35

black-market

[blak-mahr-kit] /ˈblækˈmɑr kɪt/
verb (used without object)
1.
to black-marketeer.
verb (used with object)
2.
to sell (something) in the black market.
Origin
1930-35; v. use of black market
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for black-market

black market

noun
1.
  1. any system in which goods or currencies are sold and bought illegally, esp in violation of controls or rationing
  2. (as modifier): black market lamb
2.
the place where such a system operates
verb
3.
to sell (goods) on the black market
Derived Forms
black marketeer, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for black-market

black market

n.

1931, from black + market.

Online Etymology Dictionary, © 2010 Douglas Harper
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black-market in Culture

black market definition


The illegal buying and selling of goods above the price fixed by a government. Black markets usually develop when, because of war, disaster, or public policy, a government tries to set prices for commodities instead of allowing the normal operations of supply and demand to set prices.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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