from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun business The buying and selling of goods through distribution channels other than those authorized or intended by the manufacturer or producer.
  • noun finance The trading of shares before they are listed on the stock exchange.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency


from Wiktionary, Creative Commons Attribution/Share-Alike License

By analogy with black market


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