Definition of "overallocated" [overallocated]

• Allocated in excess (adjective)

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• "Bad policy meant capital got overallocated and too quickly, as momentum mutual funds (momos) and day traders furiously drove up stock prices of every company with dot-com in its name for no fundamental reasons."
• "The ETS also overallocated permits, which is also partly as a result of the permit giveaway."
• ""We've already got an overallocated system, so where does that water come from?""