GRAY MARKET Definition

Bookmark and Share

GRAY MARKET is the unofficial trading of securities before their formal public issue.

Learn new Accounting Terms

COMPENSATING ERROR is the name given to the situation where one mistake cancels out the effect of a second mistake.

RFID is Radio Frequency Identification Tag. An RFID is attached to and identifies a thing such as an item in inventory, a case of items, a pallet of cases, a car passing through a reader on a toll way, or a person passing through a doorway.  It is like a UPC (universal product code) on items in a store, but can be scanned from a longer distance.  A transceiver sends an activating signal and receives identification information.  An active RFID tag has an internal battery and has a longer range than a passive tag which is powered by the radio signal it receives.

Suggest a Term

Enter Search Term

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