black market

/blæk ˈmɑrkɪt/
verb
  1. To buy or sell goods or services illegally, especially in violation of official controls.
    • During the shortage, some farmers black-marketed their produce.
    • They black-marketed rare artifacts to wealthy collectors.
    • He was caught black-marketing imported cigarettes.
adjective
  1. Relating to or involving illegal trade or exchange.
    • They were arrested for black-market currency trading.
    • The black-market price for gasoline was three times the normal rate.
    • She bought a black-market ticket to the sold-out concert.
noun
  1. An illegal system of buying and selling goods or services, especially when they are controlled or scarce.
    • The police raided a black market for stolen electronics.
    • He made a lot of money selling rare medicines on the black market.
    • During the war, many people bought food on the black market.
What does "black market" mean? | whatsthatwordmean | whatsthatwordmean