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Vocabulary Entry
gazump
|verb • noun
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V
verb
To raise the price of a property or goods after an agreement has been made, often to gain an advantage over a potential buyer.
Example Sentences
"The seller decided to gazump the buyer after receiving a higher offer."
"They were disappointed to learn that the house they wanted had been gazumped."
"In a hot market, it’s common for properties to be gazumped right before closing."
N
noun
An instance of gazumping; a situation where a seller raises the price after a verbal or written agreement.
Example Sentences
"The gazump shocked them, as they thought the deal was already finalized."
"After the gazump, they were forced to reconsider their budget."
"He felt frustrated by the gazump, which seemed unfair so close to their planned purchase."