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Being of street quality. Depending on the subject matter, it can mean very good, or it can mean very bad.
1. That Kind Bud is ghetto grade, thats some potent shit!
2. That car is ghetto grade man, it has 2 flat tires.
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To be of low quality.
To be of a quality or purity used or consumed by a ghetto individual.
Your ghetto grade ride can't touch mine.
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