" gray market "

 [ "gray market" ]

1: Halfway between the white market (completely legal) and black market (completely illegal). The gray market sells products which are legal to own, but can be used illegaly or are illegal to use completely.

  * e.g.,  ... In Virginia, police radar detectors are gray market items because it is legal to own one, but illegal to actully use it. 

 [ "gray market" ]

1: A non-tangible "market" in which one buys products that were made in another country and possibly were intended for use in another country.

  * e.g.,  ... Photographer #1: I like your new Nikon camera.  

 [ "gray market" ]

2: Often these items are at a considerably lower cost than their American-made counterparts.

  * e.g.,  ... Photographer #2: Yeah, it's great except for the fact that the menus are in Japanese. 

 [ "gray market" ]

3: Can be spelled "grey market" or "gray market."

  * e.g.,  ... Photographer #1: Ohhhh, you must've bought it on the gray market. 

 [ "gray market" ]

1: An item purchased from an over-seas (non-US) dealer at a discounted rate, but lacking the manufacterer's warranty.

  * e.g.,  ... John bought his new video camera from a shady business online, but he saved $500 because he bought it on the gray market. 

 [ "gray market" ]

1: Commonly refers to items being sold outside of the territory their manufacturer intended. Gray market products often come with different manuals or accessories from the domestic version, and frequently do not carry a manufacturer's warranty.

  * e.g.,  ... Q: Why is that online camera store so cheap? 

 [ "gray market" ]

1: Refers to a market in imported items that are legal to own but are not supported in the country they're being bought from.

  * e.g.,  ... I have a cousin in the UK who likes to send me movies, so I bought a gray market PAL DVD player to watch them. 

 [ "gray market" ]

1: The term used by marketing people to describe potential buyers of old-age.

  * e.g.,  ... They gray market buy a lot of viagra. 

 [ "gray market" ]

1: A white man's black market

  * e.g.,  ... "lets go to the gray market, perhaps we'll get some new golf shoes on the cheap!!!"