Definition of "gazumping" [gazumping]

• Present participle of gazump. (verb)

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• "Yesterday, though, the word gazumping was once more heard passing the lips of that endangered species, the estate agent."
• ""One would have thought that Cerner was aware of the failure of the contract to specify the necessary reporting module and so it appears to be a form of gazumping, that is, effectively raising the price of the sale after final offers have been accepted," he said."
• "It's called "gazumping" in England, the process by which someone selling a piece of property accepts an offer from one buyer, maybe even going so far as to shake hands on it, then quickly — and often surreptitiously — accepts another, higher, offer from a second buyer, leaving the first buyer with his pockets agape and his heart broken."