grey market
noun/ˌɡreɪ ˈmɑːkɪt/
/ˌɡreɪ ˈmɑːrkɪt/
(US English usually gray market)
[usually singular]- a system in which products are imported into a country and sold without the permission of the company that produced them
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
- (British English) old people, when they are thought of as customers for goods
Check pronunciation:
grey market