Black Market definition

Black Market or ‘illicit trade’ means any practice or conduct prohibited by law and which relates to production, shipment, receipt, possession, distribution, sale or purchase, including any practice or conduct intended to facilitate such activity [2]. In other words, it is a market characterized by some form of noncompliant behavior with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Moreover, people engaging in the production or distribution of prohibited goods and services are members of the ‘illegal economy’ [13]. The reasons for the emergence of black market are mostly due to high tax imposition, to evade tax [14] and stringent restrictions on sales, distribution or production [15] in order to control (in this case) tobacco use which poses serious threat to the public health. According to the narratives of many respondents, retail shopkeepers began to involve in the black market or illicit trade of tobacco products in every corner of the district as a result of imposition of the complete ban of smokeless tobacco products. They began to engage in illegal activities to circumvent and escape from laws and penalties laid down by the enforcement agency (government), because the sale of tobacco products became illegal, and in doing so the shopkeepers kept making their profits. For instance, 17 year old female (user) views that the complete ban on smokeless tobacco products might have somehow reduced the number of users on one hand, on the other hand, “… it has led to the rise of price as well. Instantly, the shopkeepers took advantage and raised the price almost double from the actual ones. According to my opinion, a place like Manipur sounds impossible to bring changes regarding the stopping of tobacco use, because the leaders of the society are leading in using tobacco.” She believes that retail shopkeepers exploited the situation and the leaders who themselves were using tobacco. It was hard for the respondents to put trust on the enforcing agency or the leaders who themselves were using tobacco, to effectively control or implement the ban of smokeless tobacco products. 19 year old male (user), taking the example of Manipur as a ‘dry state’ plainly stated, “Manipur government had declared the state as a ‘dry state’ many years ago, whereas in reality Manipur is not. In the same m...
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Black Market means Goods and/or Services that are counterfeit and/or were purchased or involved transactions outside of the official economy, including, but not limited to, transactions in which applicable taxes were not paid and/or transactions dealing with or involving illegal Goods or Services;
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Black Market means any fake products or components manufactured by unauthorized factories, or products or components manufactured at Supplier or Subcontractor factory(ies) without approval or authorization from Owlet.
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Examples of Black Market in a sentence

  • Tenants occupying the Center include AJ's Fine Foods, Barnes & Noble, Z Gallerie, Anthropologie, Coldwater Creek, Jared Galleria of Jewelers, Chico's, California Pizza Kitchen, White House Black Market, Bath & Body Works, Talbots, Ann Taylor Loft, Five Guys Burgers and Fries, RA Sushi, Sauce, and Pei Wei.

  • White House | Black Market, Inc., 00-0000000 A Florida corporation 100% of shares issued and outstanding owned by Chico’s Retail Services, Inc.

  • Long Term Disability Plan: PAZO Inc.; Chico’s Retail Services Inc.; Chico’s Distribution Services LLC; White House Black Market Inc.; Soma by Chico’s LLC: Soma Intimates LLC; Chico’s FAS Inc.

  • AS GUARANTOR Date of Store # Store Name Location Guaranty Limitations White House I Black Market, Inc.

  • WHBM Intermediary Account Wells Fargo [****] Intermediary Acct White House | Black Market, Inc.

  • Holders choosing to exercise their warrants in connection with a redemption pursuant to this feature will, in effect, receive a number of shares for their warrants based on an option pricing model with a fixed volatility input as of the date of this prospectus.

  • WHBM Intermediary Account Us Bank [****] Intermediary Acct White House | Black Market, Inc.

  • WHBM Intermediary Account JP Morgan Chase [****] Intermediary Acct White House | Black Market, Inc.

  • Soma by Chico’s LLC Bank of America [****] Disbursement Soma Intimates, LLC White House, Black Market Master Bank of America [****] Concentration White House | Black Market, Inc.

  • WHBM Intermediary Account SunTrust [****] Intermediary Acct White House | Black Market, Inc.

Related to Black Market

  • Stock Market means a market, or other place at which, or a facility by means of which—

  • Nasdaq National Market means the National Association of Securities Dealers Automated Quotation National Market or any successor national securities exchange or automated over-the-counter trading market in the United States.

  • Nasdaq Stock Market means The Nasdaq Stock Market, Inc.

  • NASDAQ means The Nasdaq Stock Market, Inc.

  • JOBURG MARKET means Johannesburg Fresh Produce Market (SOC) Limited (trading as Joburg Market), a corporatized municipal entity incorporated in terms of the laws of the RSA under registration number 2000/023383/07 and with VAT registration number 4840195038, with its domicilium citandi et executandi situated at The Office of the CEO, 3rd Floor, Main Building, Joburg Market, 4 Fortune Road (off Heidelberg Road), City Deep, 2049, Johannesburg.

  • NYSE MKT means the NYSE MKT LLC.

  • NYSE means the New York Stock Exchange.

  • Target Market “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • OTC Bulletin Board means the over-the-counter electronic bulletin board.

  • Bulletin Board means the Over-the-Counter Bulletin Board.

  • Stock Exchange The Stock Exchange of Hong Kong Limited

  • Principal Market means the Nasdaq National Market, the Nasdaq SmallCap Market, the American Stock Exchange, the OTC Bulletin Board or the New York Stock Exchange, whichever is at the time the principal trading exchange or market for the Common Stock.

  • spot market means any commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, as well as other non financial markets, such as forward markets for commodities.

  • Flea market means a market place, other than a dealer's location licensed under this chapter, where a space or location is provided for a fee or compensation to a seller to exhibit and offer for sale or trade, motor vehicles to the general public.

  • Listing Market means the national securities exchange on which any securities of the Company are listed for trading, and if not listed for trading, by the rules of the Nasdaq Stock Market.

  • online marketplace means a service using software, including a website, part of a website or an application, operated by or on behalf of a trader which allows consumers to conclude distance contracts with other traders or consumers;

  • NYSE American means the NYSE American LLC;

  • Individual market means the market for health insurance coverage offered to individuals other than

  • OTC means Over-the-Counter.

  • External Market Buyer means a Market Buyer making purchases of energy from the PJM Interchange Energy Market for consumption by end-users outside the PJM Region, or for load in the PJM Region that is not served by Network Transmission Service.

  • Pink OTC Markets means the OTC Markets Group Inc. electronic inter-dealer quotation system, including OTCQX, OTCQB and OTC Pink.

  • AMEX means the American Stock Exchange.

  • Internal Market Buyer means a Market Buyer making purchases of energy from the PJM Interchange Energy Market for ultimate consumption by end-users inside the PJM Region that are served by Network Transmission Service.

  • Portal Market means The Portal Market operated by the National Association of Securities Dealers, Inc. or any successor thereto.

  • Approved Market means the Over-the-Counter Bulletin Board, the Nasdaq Stock Market, the New York Stock Exchange or the American Stock Exchange.

  • Approved Stock Exchange means the New York Stock Exchange, NASDAQ or such other stock exchange in the United States of America, the United Kingdom or Hong Kong as is approved in writing by the Facility Agent or, in each case, any successor thereto.