Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. An automobile.
  • v. To swindle; to extort.
  • v. To raise the selling price of something (especially property) after previously agreeing to a lower one.
  • v. To buy a property by bidding more than the price of an existing, accepted offer.
  • v. To trump or preempt; to reap the benefit underhandedly from a situation that someone else has worked to create.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • v. raise the price of something after agreeing on a lower price
  • v. rip off; ask an unreasonable price

Etymologies

Possibly from גזלן (gazlen, "thief, bandit"). (Wiktionary)

Examples

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  • 2/6/2009 Headline from the UK Telegraph:
    "Gazumping returns to London Property Market"

    "a common practice in property sales where the seller of the home accepts one offer to buy the property but later rejects it to accept a higher offer by another buyer."

    February 6, 2009