Cybersquatting

[Lanell]

the situation in which someone pays for a famous name as an internet address, so that they can later sell it for a high price to the person or organization with that name

[Tracie Lynn]

a situation in which someone pays to officially take a famous name as an internet address, so that they can later sell it for a high price to the person or organization with that name:

[Zipporah Schumaker]

The practice of registering names, especially well-known company or brand names, as internet domains, in the hope of reselling them at a profit.