gazump
Posted: Thu Jun 02, 2005 9:35 pm
From All Words v. (British informal derogative, normally used as passive voice) Said of someone selling a property: to raise the price that has already been verbally agreed with (a prospective buyer), usually because someone else has offered a higher price.
Example: My offer to buy the house was gazumped.
In Australia is some times used when someone goes over you without any request. For example: I booked this meeting room several weeks ago, but I was gazumped by the CEO (i.e. the CEO used the room despite of my booking).
Etymology: from Yiddish gezumph to swindle.
Example: My offer to buy the house was gazumped.
In Australia is some times used when someone goes over you without any request. For example: I booked this meeting room several weeks ago, but I was gazumped by the CEO (i.e. the CEO used the room despite of my booking).
Etymology: from Yiddish gezumph to swindle.