A non-tangible "market" in which one buys products that were made in another country and possibly were intended for use in another country.
Often these items are at a considerably lower cost than their American-made counterparts.
Can be spelled "grey market" or "gray market."
Photographer #1: I like your new Nikon camera.
Photographer #2: Yeah, it's great except for the fact that the menus are in Japanese.
Photographer #1: Ohhhh, you must've bought it on the gray market.
Prices shown in USD.
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