gazump

gazump

[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 uncertain origin

gazumper, noun
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World English Dictionary
gazump (ɡəˈzʌmp)
 
vb
1.  to raise the price of something, esp a house, after agreeing a price verbally with (an intending buyer)
2.  (tr) to swindle or overcharge
 
n
3.  the act or an instance of gazumping
 
[C20: of uncertain origin]
 
ga'zumper
 
n

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