gray market

noun

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

Word History and Origins

Origin of gray market¹

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

Example Sentences

Some experts warned that as the government tightens the screws on doctors and hospitals, trans teens and their families are likely to seek hormones outside the medical system, including through gray market channels.

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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.

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“He tried to bring some order into this otherwise chaotic, gray market economy,” Karen Sosa, who represented Cho, said in her opening statement.

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It can be hard to return or exchange these so-called “gray market” products, especially stolen and resold goods.

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A whistleblower could help in that department, and integrity companies often have contacts at so-called “gray market” betting outlets that could provide information.

Read more on Seattle Times