From Longman Dictionary of Contemporary Englishgrey marketˈgrey ˌmarket British English, gray market American English noun [countable] 1 the system by which people buy and sell goods that are hard to find, in a way that is legal but not morally good or correct → black market2 technical a situation in which people are buying and selling shares just before they are officially made available to be sold for the first time
Examples from the Corpus
grey market• What many merchant-bank objectors most dislike is that a grey market limits their freedom to price an issue as they want.• Shares gained up to 24p in grey market trading.• On yesterday's new grey market, the shares rose from an issue price of 585p to 612p.• When Zeneca announced an issue price of 600p, its shares in the grey market shot to 680p.From Longman Business Dictionarygrey marketˈgrey ˌmarket British English, gray market American English [countable]FINANCE1the buying and selling of shares just before they are officially ISSUED (=made available and sold for the first time)If a grey market price drifts too low, buyers will spring up to correct it.2when goods are bought from someone abroad who is not an official supplier and then sold at a price which is lower than that charged for goods from an official supplierThe manufacturer warranty may not be valid on grey market products. → market 