Noun
an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
Source: WordNetAccording to Lviv’s center for tourism, approximately 28% of visitors to Lviv stayed in rental apartments, but given the size of the black and grey market in Ukraine, it is safe to assume that the real figure is probably much higher. Source: Internet
As the approved market dries up, the brand depends more on more on grey market channels. Source: Internet
These grey market players overpower big players in terms of price competitiveness and the local distribution network maintained by them, which is a major challenge for the brushless DC motors market. Source: Internet
This means receiving the encrypted programming of DishNetwork or DirecTV, even with a grey market subscription, may be construed as unlawful (this remains an unresolved Constitutional issue). Source: Internet
The federation president Tarachand Kasat said while the wholesalers have kept their shops open, the ITPHs have stopped procuring goods from the grey market and it has also not despatched finished products to the market. Source: Internet
; Arms control citation The end of the Cold War resulted in a huge amount of surplus weapons becoming available in what is known as the international grey market for weapons. Source: Internet