Financial Definition of Black Market

An illegal market.

Adoption performed outside the law, often referred to as the illegal buying and selling of children.

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Browse or run a search for Black Market in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Black Market in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Black Market in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Black Market in the Legal Abbreviations and Acronyms Dictionary.

What does Black Market mean in American Law?

The definition of Black Market in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A government will sometimes forbid or extensively regulate trading in certain goods, e.g., when goods are rationed in wartime and are not supposed to be sold except to those authorized to receive them, who are in addition to pay only a government stipulated price. Others desiring the goods but not entitled to them will seek to acquire them by paying a much higher price, and some people will seek to meet that demand. The “market” in which they trade is called the “black market.” Sometimes the term is also loosely used to include sales of totally contraband goods, e.g., heroin, automatic weapons, etc. Cf gray market.

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Legal English Vocabulary: Black Market in Spanish

Online translation of the English legal term black market into Spanish: mercado negro (English to Spanish translation) . More about legal dictionary from english to spanish online.

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See Also

• International Economic Law
• Economy
• Foreign Direct Investment
• Economic Law