/ English Dictionary |
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)