cybersquatting

The practice of purchasing a domain name that contains a well-known trademark or commercial name (for example, generalelectric.com). The intent is not to develop it into a Web site but rather to sell it to the rightful owner for a big profit. This practice is being contested in various legal battles, and for the most part, the company wins, not the cybersquatter.

See also : DNS parking  typosquatting  

NetLingo Classification: Online Jargon

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