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gray market

noun
1.
a market operating within the law but charging prices substantially below list prices or those fixed by an official agency.
Compare black market.
Origin
1945-1950
1945-50
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for gray market
  • Thus, shoddy gray market work continues and costs go up for legally permitted work or the work simply doesn't get done.
  • Creates felony for sale or distribution of gray market cigarettes.
  • Equipment that is considered gray market will not be accepted.
Slang definitions & phrases for gray market

gray market

noun phrase

The sale of reputable products, esp cameras and electronic equipment, by persons who have not bought them from the manufacturers' authorized distributors and hence offer lower prices because the products do not qualify for the makers' guarantees: There is a growing ''gray'' market for Levi's (1960s+)


The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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Word Value for gray

8
8
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