blackmarket

black-market

[blak-mahr-kit]
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

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Etymonline
Word Origin & History

black market
1931, from black + market.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

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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