Definition of gazunder in English:

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gazunder

Pronunciation: /ɡəˈzəndər/

verb

[with object] British
(Of a buyer) lower the amount of an offer made on a property and accepted by (a seller) at the time of final negotiations.
Example sentences
  • 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.
  • A new home buying process offered by estate agents has been launched that claims make the process quicker, and prevent gazumping or gazundering with comparable costs to the conventional system.
  • Gazumping and gazundering sound contagious - do I really want to buy a flat?

Origin

Late 1980s: humorous blend of gazump and under.

For editors and proofreaders

Syllabification: ga·zund·er

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