black market noun
: a system through which things are bought and sold illegally
: illicit trade in goods or commodities in violation of official regulations; also : a place where such trade is carried on
Examples of BLACK MARKET
- The black market in prescription drugs is thriving.
- They unloaded the stolen goods on the black market.
First Known Use of BLACK MARKET
Rhymes with BLACK MARKET
, bull market
, flea market
, free market
, gray market
, meat market
, stock market
, third market
black market noun (Concise Encyclopedia)
Trading in violation of publicly imposed regulations such as rationing laws, laws against the sale of certain goods, and official rates of exchange among currencies. Black-market activity is common in wartime, when scarce goods and services are often strictly rationed (see rationing). Black-market foreign-exchange transactions flourish in countries where convertible foreign currency is scarce and foreign exchange is tightly controlled.
Learn More About BLACK MARKET
Seen & Heard
What made you want to look up black market? Please tell us where you read or heard it (including the quote, if possible).