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grey market

British  

noun

  1. a system involving the secret but not illegal sale of goods at excessive prices Compare black market

  2. stock exchange a market in the shares of a new issue, in which market makers deal with investors who have applied for shares but not yet received an allotment

  3. the market for goods and services created by older people with a comfortable disposable income and increased opportunities for spending it

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

While GLP-1s have undergone extensive human trials and are licensed by the MHRA, the UK's medicines watchdog, there is a "grey market" of other peptides emerging.

From BBC • Feb. 28, 2026

The grey market trade in Tianjin is only a part of China’s auto market, the world’s largest, but it gives an important insight into the auto import trade.

From Reuters • Jan. 10, 2019

The first is the resellers: scanner monkeys like Stine, along with their cousins the product diverters, re-importers, and grey market tycoons.

From The Verge • Dec. 19, 2018

Sadly, with the grey market use, clinics are happy to tout it as the “wonder drug” for individuals who have tried pretty much everything else.

From New York Times • Nov. 30, 2018

Macedonia has an   extensive grey market, estimated to be more than 20 percent of GDP,   that falls outside official statistics.

From The 2006 CIA World Factbook by United States. Central Intelligence Agency

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