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gray market investment & finance definition
- The sale of stocks or bonds by a bank that isn’t a member of the underwriting syndicate. If sales in the gray market are strong, it is a good indicator of strong demand for the new stock or bond issue.
- The sale of products by distributors that haven’t been authorized by the manufacturer. Often these goods are sold at discounted prices. However, if there is any problem with the product, the manufacturer may refuse to honor its warranty.
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