greymarket
nounUK /ˈɡreɪ ˌmɑːkɪt/
US /ˈɡreɪ ˌmɑːrkɪt/
A grey market is a place where people buy and sell things in ways that are not quite official but not fully against the rules.
The new phone was cheaper on the grey market than in the official store.
RELATED WORDS
OTHER MEANINGS
2. Buying and selling of goods through channels that are legal but not approved by the maker.
Grey market sellers often import cameras from other countries.
3. A market for shares before they are officially listed for public trading.
Investors traded the stock on the grey market before its debut.
4. Any informal trading space where prices are set by sellers rather than official rules.
At the flea market, a grey market for old toys has grown.