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
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First Known Use of gray market
1934
Law Dictionary
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
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