Definition, Meaning & Synonyms
gazump
verb
/ɡəˈzʌmp/
Definition
To raise the price of a property or goods after a buyer has made an initial offer that has been accepted.
Examples
- The seller decided to gazump the buyer after receiving a higher offer from another party.
- It’s frustrating when a seller tries to gazump you after you’ve already agreed on a price.
Meaning
The act of significantly increasing the sale price of an item or property, often causing the buyer to pay more than they initially intended.
Synonyms
- overcharge
- outbid
- price gouge
