Definition of gazump in English:

gazump

Line breaks: gaz¦ump
Pronunciation: /gəˈzʌmp
 
/

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 (as noun gazumping) gazumping has returned, as there is a shortage of good properties
More example sentences
  • Yes, it sounds as if the modern digital cellular service has already gazumped the WiFi network idea.
  • That committee finally reported last Friday, but the Government had already gazumped it.
  • 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.
2 dated Swindle (someone): I gazumped a friend of mine with complete success last night
More example sentences
  • Amidst the saccharine clichés, there are lots of uncomfortable moments as she ponders gazumping her client.

Origin

1920s (in sense 2): from Yiddish gezumph 'overcharge'. sense 1 dates from the 1970s.

Derivatives

gazumper

noun
More example sentences
  • In Britain we are the worst gazumpers in Europe, with about one in three buyers falling victim.
  • Ward off gazumpers and make vendors feel morally bound to proceed, by keeping in touch with everyone involved.
  • When prices are rising so quickly, there's plenty of room for a gazumper to step in and offer the buyer a better deal.

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