glut

▪ I. glut glut ¹ [glʌt] noun [countable usually singular] COMMERCE

a supply of something that is more than is needed, caused by producing too much of it:

• A world-wide glut of memory chips should prevent prices from rising.

• OPEC cut production in an effort to prevent an oil glut

  [m0] ▪ II. glut glut ² verb glutted _PTandPPX glutting _PRESPARTX

COMMERCE MARKETING glut the market to produce a supply of something that is more than is needed, causing its price to fall:

• The market is already glutted with unsold properties.

— glutted adjective [only before a noun] :

• Hawaii's glutted luxury-hotel industry

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Ⅰ.

glut UK US /glʌt/ noun [C]

► a supply of something that is much more than can be sold or is needed or wanted: a glut on/in the market »

The fall in demand for coffee could cause a glut in the market.

a glut of sth »

The current glut of graduates means that many of them will not be able to find jobs.

Ⅱ.

glut UK US /ɡlʌt/ verb [T] (-tt-)

► to supply something in much greater quantities than can be sold or is needed or wanted: glutted with sth »

Higher mortgage rates and over-building left some markets glutted with unsold houses.