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overbought

[oh-ver-bawt]
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adjective
  1. marked by prices considered unjustifiably high because of extensive buying: The stock market is overbought now.Compare oversold.
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verb
  1. simple past tense and past participle of overbuy.
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Origin of overbought

First recorded in 1955–60; over- + bought

overbuy

[oh-ver-bahy]
verb (used with object), o·ver·bought, o·ver·buy·ing.
  1. to purchase in excessive quantities.
  2. Finance. to buy on margin in excess of one's ability to provide added security in an emergency, as in a falling market.
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verb (used without object), o·ver·bought, o·ver·buy·ing.
  1. to buy regardless of one's needs or financial means.
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Origin of overbuy

First recorded in 1400–50, overbuy is from the late Middle English word overbiggen. See over-, buy
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018