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gazump verb
/gəˈzʌmp/ v [T often passive] UK informal Definition
to refuse to sell a house that you own to someone you have agreed to sell it to, and to sell it instead to someone who offers to pay more for it
Sally's offer for the house has been accepted, but she's worried she might be gazumped.
gazumping noun
/gəˈzʌm.pɪŋ/ n [U] During the 1980s, practices like gazumping gave the property business in England a bad name.
(Definition of gazump verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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