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glut  (gluts plural & 3rd person present) (glutting present participle) (glutted past tense & past participle )
1  n-count If there is a glut of  something, there is so much of it that it cannot all be sold or used. 
usu sing, usu with supp  (=surplus) 
There's a glut of agricultural products in Western Europe., ...a world oil glut.  
2  verb If a market is glutted with  something, there is a glut of that thing.  (BUSINESS) 
The region is glutted with hospitals...  be V-ed with n 
Soldiers returning from the war had glutted the job market.  V n