Definition of black market in English:

black market

noun

  • An illegal traffic or trade in officially controlled or scarce commodities.

    ‘the men planned to sell the meat on the black market’
    as modifier ‘black market currency trading’
    • ‘It is also advisable to bring a certain amount of US dollars in cash, as there is a strong black-market economy, which means that big bills are often paid in dollars.’
    • ‘He said sanctions often benefit individuals in power because of their ability to control and profit from the black-market economy.’
    • ‘But he denied that he had an account of more than $5 million, alleged to be the leftovers of proceeds from the black-market sale of weapons.’
    • ‘Investigators concluded that the colonel enlisted his men in a black-market currency scheme that netted him tens of thousands of dollars.’
    • ‘Near the tourist zone foreigners are hustled by touts selling black-market cigars.’
    • ‘As a result, our driver had to go on a hunt for black-market petrol, much of which is smuggled in from Central America.’
    • ‘But like drugs, and alcohol during Prohibition, black-market contraband always provides a means to acquire whatever is the forbidden fruit of the moment.’
    • ‘The capital is also the center of a thriving black-market economy that encompasses everything from smuggling to prostitution and drug trafficking.’
    • ‘Keeping drugs illegal not only costs billions in enforcement, but loses billions in tax revenue by keeping the drug trade a black-market affair.’
    • ‘Then there is the black-market trader, who veers between the criminal and entrepreneurial.’
    • ‘The paper reports that there is a thriving trade in black-market exam papers and implies this might have motivated the creation of the virus.’
    • ‘There are thought to be more than 100,000 illegal migrants and asylum seekers, who are banned from working, and involved in the black-market economy.’
    • ‘Fortunately for black-market arms dealers, however, end-user certificates are not standardized and there is no central regulating body overseeing the process.’
    • ‘Most of the mayor's staff were part of his extended family and all benefited from the black-market sale of diesel and gasoline in the city.’
    • ‘He eventually learns that his friend has become a black-market dealer in penicillin.’
    • ‘Once steroids became contraband, many athletes bought black-market anabolics that were cut with other drugs or intended solely for veterinary use.’
    • ‘This was a profit of $12.75, and people were very happy to get them at the fine black-market price I was giving.’
    • ‘The service also keeps tabs on black-market websites where fraudsters often try to sell stolen account information.’
    • ‘In 2001, 68 people died in a matter of a few weeks after drinking black-market alcohol that proved to have been heavily laced with methanol.’
    • ‘To discourage black-market sales, buyers are allowed just one piece of any product, and clothes in their own sizes.’
    illegal, unlawful, illicit, against the law, criminal, lawbreaking, actionable, felonious
    View synonyms

Pronunciation

black market