One of the mysteries of the English language finally explained.
1(of a seller) raise the contracted price of a property after having informally accepted a lower offer (from an intending buyer).
- ‘I note his extremely powerful debut in the house earlier today when he gazumped the Finance Minister!’
- ‘Indubitably we should learn from the mistakes of the 1980s and not allow gazumping to be part of modern house-buying negotiations.’
- ‘That well and truly gazumps the bid of $36.80.’
- ‘He said: ‘We feel a bit gazumped by this.’’
- ‘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.’
- ‘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.’
- ‘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.’
- ‘"It's a bit like buying a house, and we could still get gazumped."’
- ‘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.’
- ‘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.’
- ‘Yes, it sounds as if the modern digital cellular service has already gazumped the WiFi network idea.’
- ‘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?’
- ‘That committee finally reported last Friday, but the Government had already gazumped it.’
- ‘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.’
- ‘National has yet to announce its tax cuts, and Labour will need a sizable policy in reserve if it wants to gazump them too.’
- ‘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 extremely frustrating to think you are winning an auction, only to find you have been gazumped in the last few minutes.’
- ‘It is unacceptable that a department would gazump a voluntary body.’
- ‘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.’
2dated Swindle (someone).
defraud, cheat, trick, fleece, dupe, deceive, exploit, squeeze, milk, bleedView synonyms
- ‘Amidst the saccharine clichés, there are lots of uncomfortable moments as she ponders gazumping her client.’
1920s (in gazump (sense 2)): from Yiddish gezumph ‘overcharge’. gazump (sense 1) dates from the 1970s.
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