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2017 Word of the Year

white market

noun
1.
(in a system of rationing) the buying and selling of unused ration coupons at a fluctuating legal price based on the supply of and demand for the rationed commodity.
Compare black market.
Origin of white market
1970-1975
First recorded in 1970-75
Related forms
white-market, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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