Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

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

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

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

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

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

Examples

Comments

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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