👉 "Oversubscribing" in the context of financial management refers to a situation where an organization, individual or company has subscribed too many subscriptions to a service or product. This can lead to increased costs and reduced efficiency for the organization by requiring them to pay for additional services or products that are not required. In accounting terms, oversubscription is an error in recording transactions where more items than originally intended have been added to the account. It can result in a miscommunication between the accountant and
