Definition

To make a higher offer on a property than someone else who has already made an accepted offer, often causing the original buyer to lose the deal.

Example

They decided to gazump the other buyer by offering a higher price for the house.

Tense Forms

Conversation

I heard that someone tried to gazump the house we liked.

Really? That sounds frustrating!

Yeah, it’s annoying when sellers play those games.

Totally! I guess we’ll have to keep looking for a better deal.

Synonyms & Antonyms

Root Explanation

Gazump is believed to originate from South African English, where it is thought to derive from the Yiddish word 'gizumpen', meaning to cheat or swindle. The term specifically refers to the act of raising the price of a property after a buyer has made an offer, effectively cheating them out of the original deal.

Memory Tip

Think of the Yiddish word 'gizumpen', which means to cheat, to remember that 'gazump' refers to the act of swindling someone in a property deal.

Visually Confused Words