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- Dictionaryga·zump/ɡəˈzəmp/
verb
- 1. (of a seller) raise the contracted price of a property after having informally accepted a lower offer (from an intending buyer): informal British "the trio are fuming after they were gazumped by a property speculator"
- 2. swindle (someone): informal, dated British "I gazumped a friend of mine with complete success last night"
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to refuse to sell a house that you own to someone you have agreed to sell it to, and to sell it instead to someone who offers to pay more for it: Sally's offer for the house has been accepted, but she's worried she might be gazumped.
The meaning of GAZUMP is swindle; specifically : to demand a higher price from (the buyer of a house) than that agreed on.
3 meanings: 1. to raise the price of something, esp a house, after agreeing a price verbally with (an intending buyer) 2. to.... Click for more definitions.
Gazump definition: to cheat (a house buyer) by raising the price, at the time a contract is to be signed, over the amount originally agreed upon.. See examples of GAZUMP used in a sentence.
Definition of gazump verb in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Jun 2, 2024 · gazump (third-person singular simple present gazumps, present participle gazumping, simple past and past participle gazumped) To swindle; to extort. (British, Australia, real estate) To raise the selling price of something (especially property) after previously agreeing to a lower one.
Definitions of gazump. verb. rip off; ask an unreasonable price. synonyms: fleece, hook, overcharge, pluck, plume, rob, soak, surcharge. see more. verb. raise the price of something after agreeing on a lower price. see more.
