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 ?
Khalek agreed that the Gulf is struggling to squeeze out grey market operators because regulators lack the laws and regulations of more sophisticated markets like Europe.
An Apple spokeswoman contacted by news agency would not comment on grey market sales, which are fuelled by the fact that the iPad is not currently available through official Apple stores outside the United States.
This is how they are described on the grey market and how they are advertised.
The Ministry of Economy is involved because it believes the grey market is hampering the growth of locally based companies, he added.
Members of the association attended a seminar at which the issues thrown up by the grey market were discussed in detail.
Now Apple is really trying to bring "prices down to make it non-attractive" to buy from the grey market.
The turbo Impreza has become a cult classic, said the company, and this has made it a popular car on the grey market.