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Meaning of gazump

Source language: EnglishDictionary language: English

gazump

Pronunciation:/ɡəˈzʌmp/

noun

Definitions

  1. The act of gazumping.

verb

Definitions

  1. To swindle; to extort.

  2. To raise the selling price of something (especially property) after previously agreeing to a lower one.

  3. To buy a property by bidding more than the price of an existing, accepted offer.

  4. To trump or preempt; to reap the benefit underhandedly from a situation that someone else has worked to create.