grey - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

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English definition of “grey”

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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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