Workout for some surfers?

Wiktionary Word definitions in Wiktionary
n. (context computing English) The registration of a well-known brand or company name as an Internet domain name in the hope of selling it at a later date

Wikipedia Word definitions in Wikipedia
Cybersquatting (also known as domain squatting ), according to the United States federal law known as the Anticybersquatting Consumer Protection Act , is registering, trafficking in, or using an Internet domain name with bad faith intent to profit from ...