(gluts, glutting, glutted)
1.
If there is a glut of something, there is so much of it that it cannot all be sold or used.
There's a glut of agricultural products in Western Europe.
...a world oil glut.
= surplus
N-COUNT: usu sing, usu with supp
2.
If a market is glutted with something, there is a glut of that thing. (BUSINESS)
The region is glutted with hospitals...
Soldiers returning from the war had glutted the job market.
VERB: be V-ed with n, V n