FindLaw Legal Dictionary
The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
term:
Gray Market
-
gray market n
-
: a market employing irregular but not illegal methods
;esp
: a market that legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.