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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

grey market

an ‘unofficial’ market in newly issued shares prior to their being formally listed and traded on the STOCK EXCHANGE. See SHARE ISSUE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Youngsters who cut their motoring teeth by souping up second-hand superminis are graduating into highperformance grey imports from Japan and the USA because they cost less than the equivalent cars bought second-hand through a franchised dealer.
That's the finding of high street insurance broker Swinton which has seen an 18% hike in demand for quotes on grey imports in the last year.
CRASH-TESTING used cars is the latest development in the unofficial Japanese grey import market as tough new rules tighten-up on safety.
Grey import cars have been built for another country.
Jeff Patterson says only by reducing UK prices to match those available abroad will UK dealers fend off grey imports.
Some divisive issues affecting power retailers across the region stem from declining product margins, lack of skilled and well-trained staff, grey imports and counterfeit goods.
"What could be an issue for some buyers is that the official shipments do not feature the FaceTime feature while the grey imports do."
And we want to ensure that channel partners stay well away from grey imports and turn to legitimate business practices instead," he added.
That's the finding of high street insurance broker Swinton which has seen an 18 per cent hike in demand for quotes on grey imports in the last year.
And Sony have made it clear they'll take similar steps to stop grey imports of the PS3.
Steer clear of Eunos-badged grey imports ( there are plenty of cheap UK-supplied examples to choose from anyway.