black market

¹

noun

1. the illicit buying and selling of goods in violation of legal price controls, rationing, etc.
2. a place where such activity is carried on.

black-market

²

[ blak-mahr-kit ]

verb (used without object)

1. to black-marketeer.

verb (used with object)

1. to sell (something) in the black market.

black market

noun

1. 1. any system in which goods or currencies are sold and bought illegally, esp in violation of controls or rationing
   2. ( as modifier )

      black market lamb

2. the place where such a system operates

verb

1. to sell (goods) on the black market

black market

1. The illegal buying and selling of goods above the price fixed by a government. Black markets usually develop when, because of war, disaster, or public policy, a government tries to set prices for commodities instead of allowing the normal operations of supply and demand to set prices.

Derived Forms

• black marketeer, noun

Word History and Origins

Origin of black market¹

First recorded in 1930–35

Origin of black market²

First recorded in 1930–35; v. use of black market

Example Sentences

"A black market has sprung up for infant milk, and it is one of the most commonly shoplifted items," he said.

From BBC

Jewels from the original, which was set with 650 diamonds and weighed around 2,800 carats, were sold piecemeal on the black market.

From BBC

To survive, the miners and undocumented migrants go beneath the surface to escape poverty and dig up gold to sell it on the black market.

From BBC

Russia is one country where there is a thriving black market for cheese.

From BBC

At the same time, the black market in Russia for high-end foods from the EU has been growing.

From BBC