English version

overextended

From Longman Business Dictionaryoverextendedo‧ver‧ex‧ten‧ded /ˌəʊvərɪkˈstendəd◂ˌoʊ-/ adjective1COMMERCE an overextended organization is involved in more activities than it can manage, or does not have enough money to do what it wants, for example because it has borrowed or spent too muchOverextended private borrowers, unlike the government, can’t print money or raise taxes to pay bills.overextend verb [transitive]There are still some big companies with major problems because they overextended themselves in real estate.2FINANCE in an overextended financial market, prices are too high and will probably fallStocks are nowhere near the overextended prices he expects to see at the top of the bull market.
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.
Word of the day luck out to be lucky