I looked it up and you are 100% correct. I now object to the existence of the term, as it clearly attempts to imply that legitimate activity is close to black market activity, but this is the correct use of the term as it exists. (Thank you for correcting me; it is far better to object to the right thing.)
Sun used to sell different (large) CRT monitors to northern hemisphere vs southern hemisphere.
Apparently the magnetic field was reversed and the CRT guns would be pre-aligned for the correct part of the world.
(insert northern vs southern hemisphere toilet joke)