- The illegal business of buying or selling currency or goods banned by a government or subject to governmental control, such as price controls or rationing.
- A place where such illegal business is carried on.
- black′-mar′ket·er , black′-mar′ket·eer′
transitive verbblack-mar·ket·ed, black-mar·ket·ing, black-mar·kets
(plural black markets)
(third-person singular simple present black-markets, present participle black-marketing, simple past and past participle black-marketed)
- (intransitive) To participate in a black market.
- He black-marketed as a sideline.
- To sell in a black market.
- He made his living black-marketing goods intended only for tourists.
black market - Investment & Finance Definition
An illegal market, typi-cally one that sells goods or services that are in short supply or that are prohibited by government policy. Determined consumers seek out the goods on the black market, and purchase them at drastically inflated prices.