The sale of something (especially a
ticket for a popular show or sporting event) at a price far in excess of its
face value and usually just before the event’s beginning; the buying of a
security by someone with inside knowledge, such as a broker, before
recommending that security for purchase to his/her client(s). Both the
foregoing are considered unethical, and the first is illegal in many
The act of selling items at
a price far in excess of face value.