Sale of securities that have not been officially issued yet by a firm that is not part of the underwriting syndicate.
Gray market goods are products that were meant for import into countries other than the United States. They are usually of identical quality as non-gray items, but sometimes will have different accessories or the user manual might not be in English. Also, most gray market products will not be warranted by a U.S. repair facility.
Refers to goods that are sold for a price lower than, or through a distributor different than, that intended by the manufacturer. Most commonly, goods that are intended by their manufacturer for one national market that are bought there, exported, and sold in another national market.
A system designed to sell products outside of normal "authorized" reseller channels. Gray markets usually spring up when large companies buy more products than they can sell in order to achieve bigger discounts, and then turn around and sell their excess inventory "out the back door" to smaller resellers. These resellers in turn sell the product to customers (sometimes without warranties or service agreements). Everyone in high tech is constantly bemoaning the existence of gray markets, but they never seem to go away. Participants in these markets can be distinguished by their nervous tics, an unfortunate byproduct of their constant winking.
an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
a source of supply from which scarce items are bought for quick delivery at a premium above the usual market price, usually by a speculator
When a supplier gives a discounted price for its product to be sold in a specific geographical area or into a specific market and the seller deliberately sells the product outside of that area.
A legal but unofficial market. Especially the 'when-issued' market in an instrument prior to the start of its official trading, for instance in advance of an IPO.
a market employing irregular but not illegal methods; especially, a market that legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer.
Products sold through unauthorized dealers or channels; generally do not carry a factory warranty.
Describes the sale of securities that have not officially been issued to firms other than the underwriting syndicate. This type of market serves as a good indicator of demand for a new issue in the public market.
Quotes that are offered where there is no underlying market, for example an Initial Public Offering.
The market where goods are sold in an unauthorized manner, or before their expected release date. Sometimes gray market goods have been stolen from the...
refers to unauthorized sellers of new watches. For more information, see the major section on Gray Market Watches.
Generally, selling in one country the products of another by other than the official means of distribution. With satellite TV, it refers to the popularity among Canadians of U.S. satellite services not officially available in Canada.
1. An unofficial market where new issues of shares are bought and sold before they officially become available for trading on the stock exchange. 2. The sale of goods by unauthorized dealers.