gray market

noun

Definition of gray market

: 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

Examples of gray market in a Sentence

Recent Examples on the Web Cettire could be seen as a case study in how a company operates around the gray market. New York Times, 24 Aug. 2021 Emails showed that Hyman was also aware that there was already a gray market for reselling grams before the launch, although this was prohibited by the agreement investors had signed. Darren Loucaides, Wired, 8 Feb. 2022 Still, incentives remain for customers to look to the gray market. New York Times, 24 Aug. 2021 China’s government is cool toward bitcoin mining, leaving the activity in a gray market short of being officially outlawed. Caitlin Ostroff, WSJ, 21 May 2021 But no one wants black or gray market transactions going on in front of their house. Washington Post, 7 Nov. 2020 And these are suggested retail prices; a thirsty collector should expect to pay multiples on whiskey’s torrid gray market. Nicolas Stecher, Robb Report, 27 Mar. 2021 The demand was so intense that a gray market sprang up for them. New York Times, 17 Feb. 2021 Some people have waited hours in lines, crossed state borders for better chances, and delved into an emerging gray market in order to get access to the vaccine. Laura Crimaldi, BostonGlobe.com, 14 Feb. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'gray market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of gray market

1934, in the meaning defined above

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Time Traveler for gray market

Time Traveler

The first known use of gray market was in 1934

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Dictionary Entries Near gray market

gray manganese ore

gray market

gray matter

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Cite this Entry

“Gray market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gray%20market. Accessed 24 Jun. 2022.

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More Definitions for gray market

gray market

noun

Legal Definition of gray market

: 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

More from Merriam-Webster on gray market

Thesaurus: All synonyms and antonyms for gray market

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