Dictionary

black market

noun

: a system through which things are bought and sold illegally

Full Definition of BLACK MARKET

:  illicit trade in goods or commodities in violation of official regulations; also :  a place where such trade is carried on
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Examples of BLACK MARKET

  1. The black market in prescription drugs is thriving.
  2. They unloaded the stolen goods on the black market.

First Known Use of BLACK MARKET

1931

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