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gazump

[guh-zuhmp] /gəˈzʌmp/ British Slang.
verb (used with object)
1.
to cheat (a house buyer) by raising the price, at the time a contract is to be signed, over the amount originally agreed upon.
noun
2.
an act of gazumping.
Origin of gazump
1925-1930
First recorded in 1925-30; earlier gazoomph to swindle, argot word of uncertain origin
Related forms
gazumper, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for gazump

gazump

/ɡəˈzʌmp/
verb
1.
to raise the price of something, esp a house, after agreeing a price verbally with (an intending buyer)
2.
(transitive) to swindle or overcharge
noun
3.
the act or an instance of gazumping
Derived Forms
gazumper, noun
Word Origin
C20: of uncertain origin
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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