1 Having purchased more of a good than one needs or has orders for.
2 Having purchased more securities or commodities than are covered by margins deposited with a broker or dealer. In a falling market, for example, a bull speculator can become overbought without having made a fresh purchase.
3 Denoting a market that has been pushed up by excessive buying. An overbought market is likely to fall if unsupported. Compare oversold.
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