black market

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black market

The business of buying or selling illegal or banned goods, currencies, or substances. Hyphenated if used as a modifier before a noun. Though they have been proven beyond a shadow of a doubt to hold no medicinal properties, rhino horns are highly sought after on the black market. Illegally procured and distributed prescription medicines make up a surprisingly large percentage of black-market drug trade.
See also: black, market

the black ˈmarket

an illegal form of trade in which foreign money, or goods that are difficult to obtain, are bought and sold: Tickets for the game are being sold on the black market for $200 each. OPPOSITE: the open market
See also: black, market
References in periodicals archive ?
They hoped that now urea's 50 kg bag will again be available at control price of Rs1600 and they will not be exploited by the black-marketers who were selling urea at more than double price.
Vendors and shopkeepers overcharge the customers with impunity as the concerned authorities appear helpless to act against black-marketers.
He directed administrators and TMO's to make sure the best arrangements in Ramzan Bazaars and stern action would be taken against price-hikers and black-marketers.
About action against black-marketers, he said the caretaker was alive to the issue and had taken remedial steps but it had not created media-hype of its achievements like the previous government.
KARACHI, September 04, 2010 (Frontier Star): Profiteers and black-marketers have become active to take undue advantage of the linking of LPG price to Saudi Aramco Contract Price.
He assured that eatables and commodities would be provided to people at cheaper rate during month of Ramazan and stern action would be taken against price-hikers, black-marketers etc.
of Video Importers is furious at the Information Ministry's decision to cease all raids against VCD pirates from November through next February, intended to give the black-marketers the chance to turn legitimate.
Deputy Commissioner Larkana Imran Ali, presiding over the meeting at his office, warned hoarders, profiteers and black-marketers to avoid creating any artificial shortage of commodities or else stern legal action would be taken against them.