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gray markets

/ˌɡreɪ ˈmɑːrkɪts/ /ˌɡreɪ ˈmɑːrˌkɛts/

Meanings
noun
The buying and selling of goods through distribution channels other than those authorized or intended by the manufacturer or producer.

Examples :

"Because the video game console was sold cheaper overseas, it quickly appeared on gray markets in the United States, even before its official US release. "
business economy commerce

Related Words

Illustration authorized

authorized verb

/ˈɑθəɹaɪzd/ /ˈɔːθəɹaɪzd/ /ˈɔθəɹaɪzd/

To grant (someone) the permission or power necessary to do (something).

"The General Assembly authorized the Council to take up the matter."

Illustration appeared

appeared verb

/əˈpiːɹd/ /əˈpɪəd/ /əˈpɪɹd/

To come or be in sight; to be in view; to become visible.

"The sun appeared from behind the clouds. "

Illustration excitement

excitement noun

/ɪkˈsaɪtmənt/

The state of being excited (emotionally aroused).

"The children's excitement about the school trip was obvious in their chattering. "

Illustration surrounded

surrounded verb

/səˈɹaʊndɪd/

To encircle something or simultaneously extend in all directions.

"The house was surrounded by a tall fence. "

Illustration distribution

distribution noun

/ˌdɪstɹəˈbjuːʃən/

An act of distributing or state of being distributed.

"The distribution of the school supplies was done fairly, giving each student an equal amount. "

Illustration manufacturer

manufacturer noun

/ˌmænjuˈfæktʃɚ(ɹ)ɚ/

One that manufactures

"The manufacturer of the school's new computers is a well-known technology company. "

Illustration channels

channels noun

/ˈtʃænəlz/

The physical confine of a river or slough, consisting of a bed and banks.

"The water coming out of the waterwheel created a standing wave in the channel."

Illustration intended

intended verb

/ɪnˈtɛndɪd/

(usually followed by the particle "to") To hope; to wish (something, or something to be accomplished); be intent upon

"He intends to go to university."

Illustration overseas

overseas adjective

/ˌəʊvəˈsiːz/ /ˌoʊvɚˈsiːz/

Abroad.

"He emigrated and now lives overseas."

Illustration official

official noun

/əˈfɪʃəl/

An office holder invested with powers and authorities.

"David Barnes was the official charged with the running of the sports club."

Illustration producer

producer noun

/pɹəˈdjuːsə/ /pɹəˈduːsɚ/

An individual or organization that creates goods and services.

"The film producer organized all the actors and crew. "

Illustration exchange

exchange noun

/ɛksˈtʃeɪndʒ/

An act of exchanging or trading.

"All in all, it was an even exchange."