overbooked

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Oversubscription

A situation in which investors show so much interest in a new issue of a security that demand exceeds supply. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion the new issue. If investors order more shares than there are shares being issued, the security is said to be oversubscribed. This may affect the price when the security is actually issued.

overbooked

References in periodicals archive ?
Summary: Video of a screaming man being forcibly removed from an overbooked United Airlines flight goes viral
But for one fan the wait almost went on after an overbooked flight left him stranded on the tarmac at Cardiff Airport.
Furthermore, Air Force Instruction 24-101, Transportation Passenger Movement, states, "The traveler may not keep compensation for 'denied boarding' when an airline does not allow a traveler to board an overbooked flight.
While I made the Bahrain to Abu Dhabi flight, I was bumped off the connecting flight, because it was overbooked!
"We were told legally they're allowed to overbook a flight by 10% by the EU.
After waiting for more than two hours in the check-in line, my mother was informed that her flight with a particular Dubai airline was overbooked and she would not be able to board.
"We thought it would be just routine but when we tried to get back on, we were among about 20 passengers who were told the flight was overbooked and we were not allowed to re-board.
Many airlines still routinely overbook flights because a small number of passengers do not show up.
"On average, around 5% of passengers booked on our flights do not show for those flights and on average we overbook by around 1% which is one or two passengers per flight.
IT'S NOT just airlines that overbook in case a few passengers don't turn up for a flight.
"It is common for carriers to overbook seats to maximise earnings.