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gray market

noun

Definition of gray market

  1. :  a market employing irregular but not illegal methods; especially :  a market that legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer



1946

First Known Use of gray market

1946


Law Dictionary

gray market

noun

Legal Definition of gray market

  1. :  a market employing irregular but not illegal methods; especially :  a market that legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer




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