BLACK MARKETS Definition

Bookmark and Share

BLACK MARKETS are created when buyers and sellers meet to negotiate the exchange of a prohibited or illegal good. More generally, it is any unofficial market in which prices are inordinately high.

Learn new Accounting Terms

941 Form is the U.S. IRS Employers Federal Quarterly Payroll Tax form.

SOFT ASSETS are human resources (people, skills and knowledge) and intangible assets (information, brands, and reputation). Soft assets are hard to value and are not usually reflected in the books of account, nor are they typically subjected to periodic inventory. See also HARD ASSETS.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.