over-traded

Updated: May 26, 2025

They had over-traded a little, and had brought upon themselves that loss, or at least that diminution of profit, which, in this particular business, never fails to attend the smallest degree of over-trading. Those traders and other undertakers, having got so much assistance from banks and bankers, wished to get still more.

Adam Smith - An Inquiry into the Nature and Causes of the Wealth of Nations