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English definition of “grey”

grey

adjective [before noun] UK ( US gray)     /ɡreɪ/
COMMERCE, ECONOMICS used to describe an unofficial but not illegal system in which products are bought in a foreign country and sold more cheaply than in the manufacturer's usual distribution system : Grey trade goods → Compare parallel
MARKETING used to describe people over about 50, considered as a group : The grey generation are turning their backs on employment and starting their own businesses .
(Definition of grey adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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