grey market (AmE spelling gray grey market) noun [C, usually sing.]

1 (Stock Exchange )

the buying and selling of new shares before they are officially issued on the stock market:

The unofficial grey market initially priced the shares between €2.89 and €2.96.

The company's shares continued to fall on Wednesday in grey market trading.

2 (Economics )

the buying and selling of goods that have not been obtained from an official supplier, usually at a lower price than the official price:

Grey market buyers can obtain goods up to 40% cheaper than through authorized channels.

Almost all of the ‘amazing deals' found on the Internet are gray market products.

⇨ GREY (1), BLACK MARKET, PARALLEL (1) NOTE The grey market is legal but secret; the black market is illegal.

3 (also silver market)

older people, when they are thought of as customers for goods; the goods that are produced for them or that they buy:

The grey market is worth €46.4 billion and accounts for 12.3% of total retail spending.

• price point
• price range
• price-sensitive
• price support
• price tag
• price taker
• pricey
• pricing
• pricing model
• pricing power
• primary
• primary data
• primary dealer
• primary demand
• primary industry
• primary market
• primary production
• primary sector
• prime
• prime contractor
• prime cost
• prime rate
• prime time
• principal
• principle