gazumping

Gazumping

1. Informal; the act of withdrawing a promise in business, especially a promise to sell. For example, if a company agrees in principle to sell a factory to a second company, but receives a better offer from a third company, which it accepts instead, it is said to "gazump" the second company.

2. See: Gazump.

gazumping

a situation in which a seller of an asset such as a house, having already agreed informally to sell the asset to one buyer at an agreed price, subsequently sells the asset to another buyer at a higher price.

单词	gazumping
释义	gazumping gazumping (ɡəˈzʌmpɪŋ) n (Banking & Finance) Brit the practice of raising the price of a house, even though one has agreed a price verbally with an intending buyer gazumping Gazumping 1. Informal; the act of withdrawing a promise in business, especially a promise to sell. For example, if a company agrees in principle to sell a factory to a second company, but receives a better offer from a third company, which it accepts instead, it is said to "gazump" the second company. 2. See: Gazump. gazumping a situation in which a seller of an asset such as a house, having already agreed informally to sell the asset to one buyer at an agreed price, subsequently sells the asset to another buyer at a higher price. ThesaurusSeegazump
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