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Douglas Harper's Etymology Dictionary
overbook

"to sell more tickets than there are seats," 1903, from over- + book (v.); originally in reference to theaters. Related: Overbooked; overbooking.

Wiktionary
overbook

vb. To sell or guarantee more seats for an event than actually exist.

Usage examples of "overbook".

When a plane is overbooked, the airline offers free tickets to anyone willing to give up a seat.

In the meantime, we regret to announce that we have overbooked this rebuttal, and we are asking for readers who are willing to give up their space in exchange for an opportunity to read two future rebuttals on a topic of your choice.

Efficient, safe, humane, and, though built for the next century, it was overbooked the day it opened.

Sorry, I can't invite you to lunch, I'm crammed to the gills and overbooked, but here, here's a pass if you're free to join us from 2:30 on.

Once when Sharon had an overbooking, I had her send a couple of clients Georgie's way.

But the overbooking meant that what should have been Walter's seat would be occupied by someone else.

Months later, I saw on 60 Minutes that O'Hare is the world's worst for overbooking their runways.