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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
There are also active gray markets on Chinese apps and e-commerce platforms in Southeast Asia, where popular and rare dolls sell at several times their original prices.
—Lionel Lim, Fortune Asia, 20 Dec. 2024
That said, even though the American magazine tested the car, U.S. buyers would never be able to buy a 288 GTO direct from Ferrari; all imports were handled through the gray market.
—Will Sabel Courtney, Robb Report, 11 Dec. 2024
Of course, some gray markets use bitcoin in the West, too, where industries may be legal, but the banks frown on them, like marijuana sales in some states and countries and things like that.
—Steven Ehrlich, Forbes, 1 Nov. 2024
Sans introduced the elephant in the room — the gray market — which has fueled revenues for independent retailers for the past 10 years.
—Martino Carrera, WWD, 3 Sep. 2019
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Word History
First Known Use
1934, in the meaning defined above
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 9 Jan. 2025.
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
Thesaurus: All synonyms and antonyms for gray market
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