An unofficial market or trade in something, especially unissued shares or controlled or scarce goods: the discounting of bonds in the gray market [as modifier]: a gray market price
More example sentences
- Distribution also is a factor, as there may be a gray market of secondary distributors.
- The current gray market price for shares is about six times the initial price.
- While working at Creed, she'd been dismayed by the glut of perfume that found its way to the gray market.