black market definition

  • noun:
    • The unlawful company of getting or selling products or currency in infraction of limitations including cost settings or rationing.
    • A place where these unlawful businesses tend to be continued.
    • trade this is certainly in breach of constraints, rationing or price settings
    • the individuals who practice such trade (thought to be a group), or that sector associated with economy
    • the illicit buying and selling of products, in infraction of price settings, rationing, income tax laws and regulations, prohibition of purchase, etc.
    • a place where these types of unlawful business is performed, or even the whole system of such illicit trade considered as an entire.
    • those who practice illicit trade
    • an illegal market in which goods or currencies tend to be bought and sold in infraction of rationing or controls
  • verb:
    • package in illegally, such as hands or liquor

Related Sources

  • Sentence for "black market"
    • Buy High, Sell low. Profit= -$100…
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