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overcapitalisation

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Noun1.overcapitalisation - (business) too much capitalization (the sale of more stock than the business warrants)
overcapitalization
capitalisation, capitalization - the sale of capital stock
business enterprise, commercial enterprise, business - the activity of providing goods and services involving financial and commercial and industrial aspects; "computers are now widely used in business"
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``Between 1989 and 1993, 15 courses were built in Cheshire alone,most on the flat Cheshire plain,and some suffered from overcapitalisation,especially on the clubhouse,'' saidMr Tomley,a non-golfer.
Golf course right on the green, says conservation group by Daily Post (Liverpool, England)
 
 
 
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