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Meaning of “gazump” in the English Dictionary

"gazump" in British English

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gazumpverb [T often passive]

uk   /ɡəˈzʌmp/  us   /ɡəˈzʌmp/ UK informal
gazumping
noun [U] uk   /ɡəˈzʌm.pɪŋ/  us   /ɡəˈzʌm.pɪŋ/
During the 1980s, practices like gazumping gave the property business in England a bad name.
(Definition of gazump from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"gazump" in Business English

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gazumpverb [T usually passive]

uk   us   /ɡəˈzʌmp/ PROPERTY
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.
(Definition of gazump from the Cambridge Business English Dictionary © Cambridge University Press)
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“gazump” in British English

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