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LSDefine

Simple English definitions for legal terms

overbooking

Read a random definition: holding period

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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13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
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Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
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im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
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