- overextend
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1. COMMERCE 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 much:
• Overextended 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.
2. FINANCE in an overextended financial market, prices are too high and will probably fall:• Stocks are nowhere near the overextended prices he expects to see at the top of the bull market.
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overextend UK US /ˌəʊvərɪkˈstend/ verb [I or T]► FINANCE to spend too much money, or borrow more money than you can pay back: »It is a sad fact that many people overextended their mortgage commitments and now face difficulties.
overextend yourself »Borrowers overextend themselves in refinancing to cover unforeseen expenses.
► to try to do more work or other activities than you can manage: overextend yourself »The fear of failure can lead young people to overextend themselves.
»He rejects opportunities that he thinks would overextend the firm's resources.
Financial and business terms. 2012.