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gazump |
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Gazump In the sale of real estate, the unexpected raising of the price immediately before the deal closes. That is, after the parties have agreed to the price but before they have signed the appropriate papers, the seller may decide to raise the price. This surprise move is called a gazump. See also: Gazunder. gazump An action by a seller to increase the purchase price of goods or property after the buyer is emotionally invested but immediately before the paperwork is signed. Contrast with gazunder. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Peter Reilly, head of residential sales at Savills, Cardiff, said the agency had also witnessed a case which could have become a gazump. The local yard have been in great early-season form and 7-1 shot Gazump produced a faultless round of jumping to win the two and-a-half-mile handicap chase. 15 Perth 3m 1 2f Jockey Carl Llewellyn Trainer Nigel Twiston-Davies (pictured) Forecast SP 11-4f Why this is significant Gazump has not raced since March when he won over fences at Newbury. |
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