Definition of gray market in English:

gray market

Syllabification: gray mar·ket

noun

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.

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Word of the day grammarian
Pronunciation: grəˈmɛːrɪən
noun
a person who studies and writes about grammar