The grey market is a market that sells objects or other things to countries which they are not originally available example ebay. Example im in a country that does not produce or distribute laser pointers from within so the grey market sells me laser pointer.|||A grey market or gray market is the trade of a commodity through distribution channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer. In contrast, a black market is the trade of goods and services that are illegal in themselves and/or distributed through illegal channels.
It is neither a 'white' market that sells goods that are 'clean'. Not smuggled. All above board.
Nor a Black market where illegal goods are sold for more its value.|||A grey market or gray market is the trade of a commodity through distribution channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer. In contrast, a black market is the trade of goods and services that are illegal in themselves and/or distributed through illegal channels, such as the selling of stolen goods or illegal items such as heroin or unregistered handguns.
The two main types of grey market are imported manufactured goods that would be normally unavailable or more expensive in a certain country and unissued securities that are not yet traded in official markets. Sometimes the term dark market is used to describe secretive, unregulated (though often technically legal) trading in commodity futures, notably crude oil in 2008[1]. This can be considered a third type of "grey market" since it is legal, yet unregulated, and probably not intended or explicitly authorized by oil producers.
The gray market, while not illegal like the black market, involves the sale of goods through means other than what was intended or approved by the original maker of a product. A private person or business purchases the good at retail, wholesale, or a discounted price, and attempts to resell it legally at a higher price. The list of things that can be sold on the gray market is endless, but popular items include electronics, photographic equipment, cigarettes, DVDs and wine. The term gray market can also refer to the securities market, where it defines the buying and selling of securities that will be issued at some point in the future.
The gray market is extremely hard to track, because once a good is sold to an unauthorized dealer, the manufacturer has no way of tracking the sale of the goods. The gray market exists just about everywhere. In the suburbs, one prime example is the snack stand at a high school football game. In an effort to raise money, the student council may purchase soda, hot dogs and chips at a wholesale warehouse store like Costco, then sell them for a profit at the game. Another good example of the gray market is when someone buys goods at a garage sale or outlet store and resells them on eBay at a higher price.|||The business of buying or selling goods, such as imports, at prices below those set by an official regulatory agency.
[GRAY1 + (BLACK) MARKET.]
Investment Dictionary: Gray Market
1. An unofficial market where new issues of shares are bought and sold before they become officially available for trading on the stock exchange.
2. The sale or import of goods by unauthorized dealers.
Investopedia Says:
1. Trading in gray or "when-issued" markets can provide a good indication of demand for a new issue.
In some parts of the world "gray" is spelled "grey".
2. In this case, items that were manufactured abroad and imported into a country without the consent of the trademark holder would be a gray market good.
Financial %26amp; Investment Dictionary: Gray Market
Consumer goods: sale of products by unauthorized dealers, frequently at discounted prices. Consumers who buy gray market goods may find that the manufacturer refuses to honor the product warranty. In some cases, gray market goods may be sold in a country they were not intended for, so, for example, instructions may be in another language than the home market language.
Securities: sale of securities that have not officially been issued yet by a firm that is not a member of the underwriting syndicate. Such trading in the when-issued, or gray, market can provide a good indication of the amount of demand for an upcoming new stock or bond issue.
A grey market or gray market is the trade of a commodity through distribution channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer. In contrast, a black market is the trade of goods and services that are illegal in themselves and/or distributed through illegal channels, such as the selling of stolen goods or illegal items such as heroin or unregistered handguns.
The two main types of grey market are imported manufactured goods that would be normally unavailable or more expensive in a certain country and unissued securities that are not yet traded in official markets. Sometimes the term dark market is used to describe secretive, unregulated (though often technically legal) trading in commodity futures, notably crude oil in 2008[1]. This can be considered a third type of "grey market" since it is legal, yet unregulated, and probably not intended or explicitly authorized by oil producers.
(more.........)
http://www.answers.com/grey%20market
1. The buying and selling of goods through distribution channels other than those authorized or intended by the manufacturer or producer
2. The trading of shares before they are listed on the stock exchange
http://en.wiktionary.org/wiki/grey_marke鈥?/a>
The unofficial trading of securities before their formal issue. A good example of a grey market is the spread betting that takes place before the launch of a new issue, as investors try to predict which way the price of the newly issued shares will go.
http://glossary.global-investor.com/defi鈥?/a>
http://www.babylon.com/define/40/online-鈥?/a>|||The grey market is the sale of goods, that are obtained other than by the official distributor within a juristiction or territory. An example might be an american market car which is imported in small numbers, into western europe and sold by the importer.|||an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency|||If you google this, you will find that there is an entry in Wikipedia Encyclopedia.|||Where a supplier sells both stolen(black) and legitimate(white) goods.|||its when a product is being marketed towards the older generation.|||it is like black market where goods are sold unofficialy
u can get details on wikepedia.com
refer that
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