See Also: Parallel Imports (Gray-Market Goods)(law)
Gray-market Goods (Parallel Imports)(law)
Gray market(finance)
Gray Market(money)
Gray Market Vehicle - Motor Sports(gambling)
IMPORTS(law)
gray level also gray value(medicine)
Industrial market or producer market or business market(finance)
parallel(1)(dictionary)
parallel(2)(dictionary)

formicate (iou) and Parallel Imports (Gray-Market Goods) (law)


formicate (iou)



formicate verb intrans. rare. L17.
[Latin formicat- pa. ppl stem of formicare crawl like an ant (said of the pulse or skin), from formica ant: see -ATE3.]
Crawl like an ant; crawl (as if) with ants.
J. R. Lowell An open space, which formicated with peasantry.

Parallel Imports (Gray-Market Goods) (law)




Goods that are not authorized for importation into the United States. These goods were legitimately sold outside the United States with the approval of the manufacturer, but were not supposed to be resold back into the United States. The importers of Gray Market Goods are attempting to benefit from the higher prices such goods command within the United States as compared to the country into which they were originally sold.