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1. A British term that is similar to the term ghetto.

2. Cheap or of lesser quality.
1.John: Going around wearing a hoodie and a baseball cap is incredibly downmarket!

Jack: I know! They think they look so intimidating!

2.Abby: Your bag looks so downmarket!

Kate: What to you mean? This is a genuine Furberry purse!
by The darkFireburning March 31, 2009
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