Definitions for "Cybersquatting"
Keywords:  hope, trademark, intent, famous, profit
The practice of purchasing a well-known domain name (such as in hopes of selling it at a big profit. When Internet commerce exploded, cybersquatting became a hotly contested practice as large corporations found that domain names similar to their trademarks and brands had already been registered.
the act of registering a popular Internet address, usually a company name, with the intent of selling it to its rightful owner
Reserving an Internet domain name for the purpose of selling it later to a company that wants to use it.