This term refers to a person who buys domain names with the intension to sell the domain to the highest bidder. They are squatting on the domain to sell it rather than use it.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.