gazump - 2 dictionary results
ga⋅zump
[guh-zuhmp] 
British Slang.–verb (used with object)
| 1. | to cheat (a house buyer) by raising the price, at the time a contract is to be signed, over the amount originally agreed upon. |
–noun
| 2. | an act of gazumping. |
Origin:
1925–30; earlier gazoomph to swindle, argot word of uncert. orig.
1925–30; earlier gazoomph to swindle, argot word of uncert. orig.
Related forms:
ga⋅zump⋅er, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To gazump
Gazump
A situation in which the price for real estate or land is raised to a higher price than what was previously verbally agreed upon.
Investopedia Commentary
Basically, raising the price just before the papers are signed and the deal is delivered.
Related Links
20 Investments You Should Know
The REIT Way
See also: Gazunder, Land, Property, Real Estate
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