from The American Heritage® Dictionary of the English Language, 5th Edition.

  • adjective Characterized by excessively high prices owing to prior heavy buying and a concomitant rise in prices.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • adjective finance A stock or commodity market condition where there has been significant trading bidding up prices to higher levels, levels which seem overextended or excessive on a short-term basis.


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