Adjective "gazumping" definition and examples

(Gazumping may not be an adjective, but it can be used as an adjective, click here to find out.)

Pronunciation

/ɡəˈzʌmp/

Definitions and examples

verb

Make a higher offer for a house than (someone whose offer has already been accepted by the seller) and thus succeed in acquiring the property.
  1. 'gazumping has returned, as there is a shortage of good properties'
  2. 'Those concerns include problems such as gazumping, unrealistic guide prices, inaccurate property information and perceptions that ‘phantom bidders’ are employed to force buyers to raise their bids.'
  3. 'Can the group of all male plumbers plumb the depths of their minds to achieve a good result or will the estate agents gazump them?'
  4. 'That well and truly gazumps the bid of $36.80.'
  5. 'He said: ‘We feel a bit gazumped by this.’'
  6. 'That policy was just to gazump what the National Party had offered, I might say.'
  7. 'National has yet to announce its tax cuts, and Labour will need a sizable policy in reserve if it wants to gazump them too.'
  8. 'It is unacceptable that a department would gazump a voluntary body.'
  9. 'Whether or not gazumping is still practiced, though, it is important to bear in mind that buyers have no rights whatsoever if they find themselves gazumped before a contract has been signed.'
  10. 'The medium really did seem in danger of gazumping the message.'
  11. 'I note his extremely powerful debut in the house earlier today when he gazumped the Finance Minister!'
Swindle (someone)
  1. 'Amidst the saccharine clichés, there are lots of uncomfortable moments as she ponders gazumping her client.'

More definitions

1. to cheat (a house buyer) by raising the price, at the time a contract is to be signed, over the amount originally agreed upon. noun

2. an act of gazumping.

More examples(as adjective)

"sales can be gazumping."

Origin

(gazump)1920s (in gazump (sense 2)): from Yiddish gezumph ‘overcharge’. gazump (sense 1) dates from the 1970s.