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English definition of “the grey market”

the grey market

noun [S]     (US usually the gray market)
an unofficial but not completely illegal system in which products are bought and sold : The store sells designer clothes and shoes sourced from the grey market . → Compare black marketBuying and selling in generalTrafficking and racketeering buying and selling of a company's shares before they are available officially : First dealings in the company's shares will start on the grey market on 27 March and formal trading begins on 2 April .Financial investments and the stock market people over about 50, considered as a group to which products can be sold : Motorbike manufacturers are selling to the grey market as much as to younger people .Advertising, marketing and merchandisingRetailingThe elderlyOld or old-fashionedDescribing people who are old
(Definition of the grey market noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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