a market operating within the law but charging prices substantially below list prices or those fixed by an official agency.
The sale of reputable products, esp cameras and electronic equipment, by persons who have not bought them from the manufacturers’ authorized distributors and hence offer lower prices because the products do not qualify for the makers’ guarantees: There is a growing ”gray” market for Levi’s (1960s+)
noun 1. Anatomy. nerve tissue, especially of the brain and spinal cord, that contains fibers and nerve cell bodies and is dark reddish-gray. Compare . 2. Informal. brains or intellect. gray matter n. Brownish-gray nerve tissue, especially of the brain and spinal cord, composed of nerve cell bodies and their dendrites and some supportive tissue. […]
noun 1. a disease of plants, characterized by a gray, furry coating on the decaying parts, caused by any of several fungi. 2. any fungus causing this disease, as Botrytis cinerea.
- Gray mule
Related Terms white mule
noun 1. 1 (def 1).