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Gazumping |
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Gazumping Informal; the act of withdrawing a promise in business, especially a promise to sell. For example, if a company agrees in principle to sell a factory to a second company, but receives a better offer from a third company, which it accepts instead, it is said to "gazump" the second company. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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