Definition of grey market noun from the Oxford Advanced Learner's Dictionary


    grey market

    BrE BrE//ˌɡreɪ ˈmɑːkɪt//
    ; NAmE NAmE//ˌɡreɪ ˈmɑːrkɪt//
    (usually North American English gray market) [usually singular]
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  1. 1a system in which products are imported into a country and sold without the permission of the company that produced them
  2. 2(British English) old people, when they are thought of as customers for goods