Recent Examples of gray market from the Web
The move addresses Japanese regulators’ concerns about a gray market of Chinese-speaking drivers that has emerged to transport the millions of Chinese tourists who visit Japan annually and use Chinese-language apps.
The danger of those markets merging became obvious in 2014 when a man who professed support for the Islamic State group took hostages in a Sydney cafe armed with a gray market shotgun.
Excluding the gray market, the majority of aides and nursing assistants are American citizens.
These small dealers operate in the gray market—a legal channel outside manufacturers’ authorized networks—where safety, service and legal contracts are difficult to enforce.
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
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
Learn More about gray market
Seen and Heard
What made you want to look up gray market? Please tell us where you read or heard it (including the quote, if possible).