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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. 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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But by agreeing the option to make the move permanent now, Bruce has guarded against the possibility that other clubs might try to gazump Sunderland in the summer if Mensah impresses. The second Pontprennau gazump involved the agreed sale of a property for pounds 210,000, which was followed by a bid worth around pounds 5,000 more. The Blues, after all, had agreed a fee and personal terms with Naughton and were expecting him to have a medical, only for Tottenham to come in and gazump them. |
gazump |
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