Definition of gazunder in English:

gazunder

Syllabification: ga·zund·er
Pronunciation: /gəˈzəndər
 
/

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.
    More 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.

More definitions of gazunder

Definition of gazunder in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day maelstrom
Pronunciation: ˈmālˌsträm
noun
a powerful whirlpool in the sea