Meaning of “gazump” in the English Dictionary

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"gazump" in British English

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gazumpverb [ T often passive ]

uk /ɡəˈzʌmp/ us /ɡəˈzʌmp/ UK informal
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 /ɡəˈzʌmp/ us 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)