Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The business of buying or selling goods, such as imports, at prices below those set by an official regulatory agency or at prices below those prevailing in an established market.
  • noun The business of buying or selling securities that have not yet been officially issued and are not available through established brokers.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun Alternative spelling of grey market.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency

Etymologies

from The American Heritage® Dictionary of the English Language, 4th Edition

[gray + (black) market.]

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