Definition of gazump verb from the Oxford Advanced Learner's Dictionary

 

gazump

 verb
verb
BrE BrE//ɡəˈzʌmp//
 
; NAmE NAmE//ɡəˈzʌmp//
 
Verb Forms present simple I / you / we / they gazump
BrE BrE//ɡəˈzʌmp//
 
; NAmE NAmE//ɡəˈzʌmp//
 
he / she / it gazumps
BrE BrE//ɡəˈzʌmps//
 
; NAmE NAmE//ɡəˈzʌmps//
 
past simple gazumped
BrE BrE//ɡəˈzʌmpt//
 
; NAmE NAmE//ɡəˈzʌmpt//
 
past participle gazumped
BrE BrE//ɡəˈzʌmpt//
 
; NAmE NAmE//ɡəˈzʌmpt//
 
-ing form gazumping
BrE BrE//ɡəˈzʌmpɪŋ//
 
; NAmE NAmE//ɡəˈzʌmpɪŋ//
 
Buying a home
 
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[usually passive] gazump somebody (British English) when somebody who has made an offer to pay a particular price for a house and who has had this offer accepted is gazumped, their offer is no longer accepted by the person selling the house, because somebody else has made a higher offer See related entries: Buying a home Word Origin 1920s (originally meaning to swindle someone): from Yiddish gezumph ‘overcharge’. The current sense dates from the 1970s.