Black Market
/ˌblæk ˈmɑːrkɪt/
Definitions
- (n.) An unofficial market where goods or services are traded illegally, bypassing government regulations or taxation.
The stolen electronics were sold on the black market to avoid legal detection.
- (n.) A market for goods or services prohibited by law, such as narcotics or weapons.
The enforcement agency cracked down on the black market for counterfeit drugs.
Forms
- black market
- black markets
Related terms
See also
Commentary
In legal drafting, distinguishing the black market from gray market or legitimate underground markets is crucial due to implications for criminal liability and regulatory enforcement.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.