grey market

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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 ?
Gray-market handset shipments this year to the Middle East and Africa will decrease slightly to 38.2 million units.
In sum, you should be very careful if you are contemplating importing or buying gray-market goods for commercial purposes.
estimates that 700,000 Canadian households are using gray-market dishes, and, according to Serge Corriveau, national director of the Film and Video Security Office, the number is growing.
Instructions and warranties for gray-market Apple computers may also be written in a foreign language.
Asda, an English superstore, sells gray-market goods.
companies demanding that unauthorized gray-market goods from U.S.
Educating consumers about gray-market products may lead to consumer fears about the quality of the trademarked brand itself.
While Columbia experiments with enhanced regional coding, it is also systematically moving up theatrical release dates overseas in an effort to prevent any erosion of the international box office from gray-market DVDs.