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LSDefine

Simple English definitions for legal terms

overbooking

Read a random definition: NCA

A quick definition of overbooking:

Overbooking: Overbooking is when a business accepts more reservations than they have room for, assuming that some people will cancel. This is done to save money and make more profit. Airlines often overbook, but they have to offer compensation or alternative transportation if they deny someone a seat.

A more thorough explanation:

Overbooking is when a business accepts more reservations for a service than it can actually provide. This is often done because the business assumes that some people will cancel their reservations, so they want to make sure they have enough customers to make a profit.

For example, an airline might sell more tickets for a flight than there are seats on the plane. They do this because they know that some people will cancel their reservations or not show up for the flight. By overbooking, the airline can make sure that all the seats are filled and they can make as much money as possible.

However, overbooking can cause problems if too many people actually show up for the service. For example, if too many people show up for a flight, the airline might have to deny boarding to some passengers. This can be frustrating for the passengers who are denied boarding, and it can lead to lawsuits against the airline.

Overall, overbooking is a way for businesses to maximize their profits, but it can also lead to problems if too many people actually show up for the service.

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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