Definition of gazump in English:

gazump

verb

[WITH OBJECT]British
informal
  • 1Make a higher offer for a house than (someone whose offer has already been accepted by the seller) and thus succeed in acquiring the property:

    ‘the trio are fuming after they were gazumped by a property speculator’
    ‘gazumping has returned, as there is a shortage of good properties’
    • ‘Yes, it sounds as if the modern digital cellular service has already gazumped the WiFi network idea.’
    • ‘"It's a bit like buying a house, and we could still get gazumped."’
    • ‘He said: ‘We feel a bit gazumped by this.’’
    • ‘That well and truly gazumps the bid of $36.80.’
    • ‘That committee finally reported last Friday, but the Government had already gazumped it.’
    • ‘The carriage office has a team of officers which patrols the centre of Dublin at weekends in an effort to stamp out unofficial ranks and gazumping by cab drivers.’
    • ‘You would have thought that when the yarn didn't make it into print on Sunday, he would have thanked his lucky stars and whipped out a statement to gazump anything else.’
    • ‘Can the group of all male plumbers plumb the depths of their minds to achieve a good result or will the estate agents gazump them?’
    • ‘National has yet to announce its tax cuts, and Labour will need a sizable policy in reserve if it wants to gazump them too.’
    • ‘Whereas gazumping gave sellers the upper hand, allowing them to accept 11 th hour bids above the original offer, gazundering turns the tables on them.’
    • ‘Whether or not gazumping is still practiced, though, it is important to bear in mind that buyers have no rights whatsoever if they find themselves gazumped before a contract has been signed.’
    • ‘Anyone who's experienced a slow and miserable house purchase or sale, or has been gazumped, will no doubt believe there must be a better process.’
    • ‘Those concerns include problems such as gazumping, unrealistic guide prices, inaccurate property information and perceptions that ‘phantom bidders’ are employed to force buyers to raise their bids.’
    • ‘It is unacceptable that a department would gazump a voluntary body.’
    • ‘Indubitably we should learn from the mistakes of the 1980s and not allow gazumping to be part of modern house-buying negotiations.’
    • ‘The medium really did seem in danger of gazumping the message.’
    • ‘That policy was just to gazump what the National Party had offered, I might say.’
    • ‘The advantages of this are that I am less likely to be gazumped and the vendors don't have to pay agents' fees - which, in theory, means they can offer the place at a more palatable price.’
    • ‘I note his extremely powerful debut in the house earlier today when he gazumped the Finance Minister!’
    • ‘It is extremely frustrating to think you are winning an auction, only to find you have been gazumped in the last few minutes.’
  • 2dated Swindle (someone):

    ‘I gazumped a friend of mine with complete success last night’
    • ‘Amidst the saccharine clichés, there are lots of uncomfortable moments as she ponders gazumping her client.’
    defraud, cheat, trick, fleece, dupe, deceive, rook, exploit, squeeze, milk, bleed
    View synonyms

Origin

1920s (in gazump): from Yiddish gezumph overcharge. gazump dates from the 1970s.

Pronunciation:

gazump

/ɡəˈzʌmp/