gray market

American  

noun

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

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Etymology

Origin of gray market

First recorded in 1930–35; gray ¹ ( def. ) (in the sense “indeterminate or intermediate in character” + market ( )

Example Sentences

He has reported on the pharmaceutical gray market, the implosion of Healthcare.gov, Medicare fraud, the blood-testing company Theranos, abuses at the U.S.

From The Wall Street Journal

These dangers are the fruits of the gray market, not of legalization.

From The Wall Street Journal

Retatrutide is so effective that a gray market for bootleg versions of the drug, which hasn’t been approved for sale, has been thriving for more than two years.

From The Wall Street Journal

It also spawned a gray market of Santas, reindeer and 7-foot candy canes—some marked up more than seven times the original price.

From The Wall Street Journal

Opponents, on the other hand, argue that the amount of home growth permitted — up to 144 square feet — is excessive and could create a gray market.

From Salon