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Definition of


Real Estate

accept higher offer, negating earlier verbal agreement to agree verbally to sell to one buyer, but before the agreement becomes legally binding, to accept a higher offer from another buyer. Gazumping is usually associated with the real estate market, although it can occur in any market where the prices are rising rapidly.

Definitions of ’gazump’ and meaning of ’gazump’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’gazump’ and other financial terms with our online QFINANCE Financial Dictionary.

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