gray market

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noun
  1. a market operating within the law but charging prices substantially below list prices or those fixed by an official agency.

Origin of gray market

1
First recorded in 1930–35; gray1 (in the sense “indeterminate or intermediate in character” + market

Words Nearby gray market

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

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