Recent Examples of gray market from the Web
Bots can be readily purchased on a gray market of websites.
The old woman prescribed dried rattlesnake rattles, somehow procured in the gray markets where taxes aren’t paid and questions not asked.
This statement seems to disregard official services like the Steam Community Market and gray market third-party sites that let players trade in-game items for cash and vice versa.
Black and gray market sales are available to anyone with an internet connection.
Law enforcement oversight has slackened for cannabis, which has put entrepreneurs in a position to sell via this gray market — or even the profitable black market across state lines.
The low sales figures come as the cannabis industry has been complaining about how high taxes and local-government bans are driving consumers to the black and gray markets.
The lawbreaking that most perplexes European leaders is the large gray market, composed of otherwise law-abiding citizens who work around suffocating taxes and labor regulations.
In the absence of a decision, a bustling gray market has developed.
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.
Financial Definition of GRAY MARKET
What It Is
In the investing world, a gray market exists when people begin trading shares that have not been issued yet. In the business world, a gray market is the novel but not always illegal process of obtaining goods or services.
How It Works
Let's say Company XYZ is going public on Tuesday. John Doe subscribed to the offering and will have about 200,000 shares. Jane Smith is anxious to get her hands on some of the shares but is not a subscriber. She calls John and offers to buy some shares from him as soon as they start trading. He agrees. Six other fund managers also call John and try to get some of his shares. John, Jane, and the other fund managers are creating a gray market for the shares.
Why It Matters
The existence of gray markets signals strong demand for a good, service or security. In the business world, products are sometimes less expensive in the gray market, though they also may be counterfeit, cheaply made, or infringing on a trademark.
legal Definition of gray market
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