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gazump
(redirected from gazumped)

   Also found in: Dictionary/thesaurus 0.01 sec.
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.



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The Barca coach was in the running for Robinho when City gazumped Chelsea with their pounds 32m deadline day bid on September 1 and believes the South Americanwould easily fit into his team.
The Speakers plans to hold an investigation into how the parliamentary authorities allowed police to raid Mr Greens Commons office without a war-rant were effectively gazumped by the
400million But even the super-rich are not insulated against all financial woes - Gottesman, 43, and wife Geraldine were recently gazumped on a ?
 
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