overselling 1
noundomain: activity
EnWordnet [ver.5.0]
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EnglishDefinition
sale of a volatile good or service in excess of actual supply.
Examples
- 1.Overbooking is regulated (though rarely prohibited) in many countries and industries, and companies that do practice it are often required or forced by market competition to offer large amounts of compensation to customers as an incentive for them to not take up their purchase.
Synonyms
- overbooking 1
sale of a volatile good or service in excess of actual supply.
