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“cybersquatting”
cybersquat (verb), cybersquats; cybersquatted; cybersquatting
Registering a well-known brand or company name as an internet domain appellation in the hope of selling it at a later date: He tried to cybersquat several domain designations with well-known company brands with the intention of selling them to those organizations.
cybersquatting (s) (noun)
1. Organizational domain names that have been purchased with the intentions of selling them to those institutions for a profit: The cybersquatting of the past has decreased because such cybersquatters were often forced to give up the precincts as a result of legal actions.
2. Registering an internet domain identification only for the purpose of selling it for a profit: The practice of obtaining and holding an internet ownership name that uses a company's registered trademark designation is considered cybersquatting and can result in legal action against the cybersquatter.
2. Registering an internet domain identification only for the purpose of selling it for a profit: The practice of obtaining and holding an internet ownership name that uses a company's registered trademark designation is considered cybersquatting and can result in legal action against the cybersquatter.