Financial and business terms

GREY GOODS

grey goods: translation

grey goodsUKUSUK(USgray goods)noun[plural]
COMMERCE,ECONOMICSproducts that are bought in a foreign country and sold more cheaply than in the manufacturer's usual distribution system:»

The biggest problem in buying grey goods is the lack of support and warranties.

ITcomputer equipment:»

Waste from the white and brown goods is less toxic as compared with grey goods.

CompareBROWN GOODS(Cf. ↑brown goods),WHITE GOODS(Cf. ↑white goods)