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From: Webster's Revised Unabridged Dictionary (1913)

 O·ver·sell v. t. [imp. & p. p. Oversold p. pr. & vb. n. Overselling. ]
 1. To sell for a higher price than; to exceed in selling price.
 One whose beauty
 Would oversell all Italy.   --Beau. & Fl.
 2. To sell beyond means of delivery. [Brokers' Cant]
 Oversold market Brokers' Cant, a market in which stocks or commodities have been sold “short” to such an extent that it is difficult to obtain them for delivery.