gazump definition, meaning - what is gazump in the British English Dictionary & Thesaurus - Cambridge Dictionaries Online

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gazump

verb [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 property business in England a bad name.
(Definition of gazump from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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