grey market


Also found in: Dictionary, Thesaurus, Wikipedia.

Gray Market

Trade using unofficial and unregulated, but still legal, means. In securities, a gray market typically refers to trade in bonds or stocks not yet issued. These sales are contingent upon the issuance actually taking place, and are sometimes considered benchmarks for how successful the issuance will be. Another example of a gray market is the pharmaceuticals industry, in which buyers in different countries sometimes pay very different amounts. Buyers in the more expensive country may travel to the other country to buy their medicines, creating a gray market.

grey market

an ‘unofficial’ market in newly issued shares prior to their being formally listed and traded on the STOCK EXCHANGE. See SHARE ISSUE.
References in periodicals archive ?
Private-equity-backed companies traded on the Canadian grey market include United Hydrocarbon International Corp.
The grey markets reduce customer satisfaction, loyalty and ultimately impact service levels provided by companies such as Xerox Emirates, it said.
High unit profitability & large potential market size help the grey market
Oh look at me, I just sold my iPhone 4 at a loss, to spend upto almost Dh10 K on the grey market for a phone that is essentially the same.
The supermarkets use the grey market in two ways, according to one expert who specialises in the trade.
And grey market activity can be a 'cloak and dagger' affair involving the secret movement of goods across borders and the surreptitious breach of their distribution and partner agreements with the brand owner, including the abuse of incentive and discount programs, according to the KPMG study.
That's because grey market activities are a global problem.
Al Naqbi describes the grey market as aACAya disaster for this region', and says stakeholders have a lot of work to do if the fledgling industry is to eventually win the fight against the profit-eating parallel operators.
The agreement similarly provided Heraeus Kulzer with the legal rights it needed to suppress unlawful grey market sales of its dental products.
Samsung's Galaxy S III mini has been available in the grey market for quite some time now, but according to our sources, the phone will not be making it to Indian shores through official channels.
Now when the government has lifted the ban on import of foreign telecom equipment, unbranded phones, especially from China, will be flooded in the grey market.
The Grocer understands that Unilever has written to about 70 businesses, most of them family-run wholesalers, asking for between 500 [pounds sterling] and 2,000 [pounds sterling] as a contribution to legal costs and demanding they sign a legal undertaking they will not sell any more grey market goods.