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- Dictionarygray mar·ket/ˌɡrā ˈmärkət/
noun
- 1. an unofficial market or trade in something, especially unissued shares or controlled or scarce goods: "the discounting of bonds in the gray market"
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- Grey market
Trade of goods outside the original producer's authorized distribution channel
A grey market or dark market is the trade of a commodity through distribution channels that are not authorized by the original manufacturer or trade mark proprietor. Grey market products (grey goods) are products traded outside the authorized manufacturer's channel. Wikipedia
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