Noun
an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
Source: WordNetDuring the webinar, there was no definitive answer, but panelists pointed to some of the same sources others mentioned a year ago: used books, review copies, gray market titles, and imports. Source: Internet
In the past, that answer may have been dominated by discussion about speculation and gray market activity (and alpaca sock aficionados). Source: Internet
"Unfortunately we cannot service your D3200 Camera as it is a gray market unit. Source: Internet