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English definition of “the grey market”

the grey market

noun [S] uk   mainly UK ( US usually the gray market) us  
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.
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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. 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.
(Definition of the grey market from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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