gray market

noun

: 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 In 2022, the company estimated that the IT gray market was costing the Cisco channel $1.2 billion per year. Scharon Harding, Ars Technica, 3 May 2024 But there are many, many more gray market smoke shops. David Matthews, New York Daily News, 12 Apr. 2024 When employment failed to keep up with population growth, the region found itself with a large pool of underemployed labor—engaged seasonally on the farm, working in the gray market, or tending to small private plots on collective farms. Artemy Kalinovsky, Foreign Affairs, 2 Aug. 2018 Because of poor distribution and a lack of aid staff, most of the aid in northern Gaza can only be purchased on the gray market at inflated prices. Taylor Luck, The Christian Science Monitor, 17 Apr. 2024 Amazon reviews purchased on the gray market or written by generative AI bots? Christopher Null, WIRED, 7 Feb. 2024 One hypothesis Mexican officials have is that the morphine may be coming from black or gray markets while being sold as legitimate. Beth Mole, Ars Technica, 16 June 2023 But as explained by Bloomberg in December, a semiconductor gray market in China became visible in 2020 due to the global chip shortage. Scharon Harding, Ars Technica, 30 Mar. 2023 China’s gray market The incidents above show smugglers seemingly attempting to bring products into mainland China but being interrupted by China or Hong Kong customs. Scharon Harding, Ars Technica, 30 Mar. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gray market.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1934, in the meaning defined above

Time Traveler
The first known use of gray market was in 1934

Dictionary Entries Near gray market

Cite this Entry

“Gray market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gray%20market. Accessed 24 Jun. 2024.

Legal Definition

gray market

noun
: 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

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