1 definition by Donna Matrix, the Excretionist
Legal buying and selling, face to face, completely outside of any governmental regulations and unknown to any government agencies.
The White Market is when a transaction is private and nobody has to legally report it to any governmental entity.
Selling your stereo to your friend. He doesn't have to pay any sale tax on the item. You don't have to pay any income or other tax to sell it.
Buying stuff at the flea market for cash.
Selling your stereo to your friend. He doesn't have to pay any sale tax on the item. You don't have to pay any income or other tax to sell it.
Buying stuff at the flea market for cash.
by Donna Matrix, the Excretionist November 14, 2009