gazunderv.
/ɡəˈzʌndə/, U.S. /ɡəˈzəndər/ U.K. colloquial.
transitive. Of a house-buyer: to reduce the price offered to (a seller) for a property, esp. shortly before exchange of contracts, threatening to withdraw if the new offer is not accepted; also, to swindle in this way.
ΘΚΠ
society > trade and finance > illegal or immoral trading > trade in (goods) illegally or immorally [verb (transitive)] > trade in other illegal or immoral ways
colour1419
laundera1961
gazunder1988
1988 Gloucestershire Echo 29 Dec. 20/4 If one of them is nearing exchange of contracts there may be no alternative but to accept, to prevent the collapse of the chain. The vendor will have been gazundered.
1989 Independent 17 Oct. 8/1 The risk of disappointment through being gazumped, or in the current property slump, gazundered.
Derivatives
gaˈzundering n.
ΘΚΠ
society > trade and finance > illegal or immoral trading > [noun] > other illegal or immoral trading practices
substitution1856
skim1972
gazundering1988
1988 Today 18 Nov. 2/6 Tony Clark, General Secretary of the National Association of Estate Agents said yesterday: ‘Gazundering is a new and unwelcome development. We would like to see it outlawed.’
1990 Independent 24 Mar. 38/8 Gazumping, gazundering and all manner of noxious debilitations are blamed on slothful solicitors.
gaˈzunderer n.
ΘΚΠ
society > trade and finance > buying > buyer > [noun] > unfair or dishonest
gazunderer1988
1988 Daily Mirror 18 Nov. 4/2 The gazunderer goes along with the asking price until days or even hours before contracts are due to be exchanged.
This entry has not yet been fully updated (first published 1993; most recently modified version published online March 2022).
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v.1988