ˈgrey ˌmarket British English, gray market American English noun [countable]

1. the system by which people buy and sell goods that are hard to find, in a way that is legal but not morally good or correct ⇒ black market

2. technical a situation in which people are buying and selling shares just before they are officially made available to be sold for the first time

[TahlilGaran] Dictionary of Contemporary English ▲