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Meaning of “the grey market” in the English Dictionary

"the grey market" in British English

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the grey marketnoun [S]

uk   /ˌɡreɪ ˈmɑː.kɪt/  us   /ˌɡreɪ ˈmɑːr.kɪt/ mainly UK (US usually the gray market)
an ​unofficial but not ​completelyillegalsystem in which ​products are ​bought and ​sold: The ​storesellsdesignerclothes and ​shoessourced from the ​greymarket.
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buying and ​selling of a company's ​shares before they are ​availableofficially: First ​dealings in the company's ​shares will ​start on the ​greymarket on 27 ​March and ​formaltradingbegins on 2 ​April.
people over about 50, ​considered as a ​group to which ​products can be ​sold: Motorbike ​manufacturers are ​selling to the ​greymarket as much as to ​youngerpeople.
(Definition of the grey market from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"the grey market" in Business English

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the grey marketnoun [S]

UK (US the gray market) uk   us  
COMMERCE an ​unofficial but not ​illegalsystem of ​sellinggoods: The ​storesellsdesigner clothes and shoes ​sourced from the ​greymarket .
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FINANCE the ​buying and ​selling of a company's ​shares before they are ​availableofficially: First ​dealings in the company's ​shares will ​start on the ​greymarket on March 27 and ​formaltrading begins on April 2.
MARKETING people over about 50, considered as a ​group to which ​products can be ​sold: Motorbike ​manufacturers are ​selling to the ​greymarket as much as to younger ​people.
(Definition of the grey market from the Cambridge Business English Dictionary © Cambridge University Press)
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“the grey market” in Business English

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