BLACK MARKET


Meaning of BLACK MARKET in English

Trading in violation of publicly imposed regulations such as rationing laws, laws against the sale of certain goods, and official rates of exchange among currencies.

Black-market activity is common in wartime, when scarce goods and services are often strictly rationed (see rationing ). Black-market foreign-exchange transactions flourish in countries where convertible foreign currency is scarce and foreign exchange is tightly controlled.

Britannica English dictionary.      Английский словарь Британика.