Basically, raising the price just before the papers are signed and the deal is delivered.
Investment dictionary. Academic. 2012.
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gazump — ga‧zump [gəˈzʌmp] verb [transitive] informal PROPERTY if you are gazumped, someone who has agreed to sell you a house at an agreed price sells it to someone else for more money: • If any client of our agency is gazumped, we refund him or her the… … Financial and business terms
gazump — To increase by subsequent bidding by an individual with effect of annulling any previous offer. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
gazump — ► VERB Brit. informal ▪ deprive (someone whose offer to purchase a house has already been accepted) from proceeding with the purchase by offering or accepting a higher figure. DERIVATIVES gazumper noun. ORIGIN originally in the sense swindle :… … English terms dictionary
gazump — UK [ɡəˈzʌmp] / US verb [transitive] Word forms gazump : present tense I/you/we/they gazump he/she/it gazumps present participle gazumping past tense gazumped past participle gazumped British informal if you are gazumped, someone who had agreed to … English dictionary
gazump — gazumper, n. /geuh zump /, Brit. Slang. v.t. 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. n. 2. an act of gazumping. [1925 30; earlier gazoomph to swindle, argot … Universalium
gazump — verb a) To raise the selling price of something (especially property) after previously agreeing to a lower one b) To buy a property by bidding more than the price of an existing, accepted offer … Wiktionary
gazump — ga|zump [gəˈzʌmp] v [T usually passive] BrE informal if you are gazumped, the person who is selling you a house sells it to another person who offers them more money ▪ We were gazumped at the last minute. >gazumping n [U] … Dictionary of contemporary English
gazump — British. To offer more for a house than another has already offered and had accepted. In US, this is not allowed in UK, it is I ve been gazumped on the house I made an offer on … Dictionary of american slang
gazump — vb British to cheat (in a house purchase) by rais ing the price at the last moment, after agreement has been reached but before contracts have been formalised. An old expression from the language of swin dlers, revived to denote a practice which… … Contemporary slang
gazump — [[t]gəzʌ̱mp[/t]] gazumps, gazumping, gazumped VERB: usu passive If you are gazumped by someone, they agree to sell their house to you, but then sell it to someone else who offers to pay a higher price. [BRIT, INFORMAL] [be V ed] In France you… … English dictionary