gazump Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “gazump” in the English Dictionary

"gazump" in British English

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gazumpverb [T often passive]

uk   us   /ɡəˈzʌmp/ UK informal
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 [U] uk   us   /-ˈzʌm.pɪŋ/
During the 1980s, ​practices like gazumping gave the ​propertybusiness in ​England a ​badname.
(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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