From Longman Business Dictionaryoverboughto‧ver‧bought /ˌəʊvəˈbɔːtˌoʊvərˈbɒːt/ adjective FINANCE if a financial market is overbought, prices are higher than many people think they should be, and will probably come downHe thinks the gold market is overbought and there will be a correction in two to three months.
