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Gazump (Verb)

Meaning 1

Raise the price of something after agreeing on a lower price.

Classification

Verbs of buying, selling, owning.

Examples

  • The homeowner tried to gazump the buyer after they discovered a better offer, but the buyer threatened to walk away from the deal.
  • In a bold move, the seller decided to gazump the buyer, increasing the price just hours before the sale was supposed to close.
  • In the competitive real estate market, it's not uncommon for sellers to try and gazump buyers with higher prices at the last minute.
  • The seller attempted to gazump us by claiming that another buyer had made a higher offer, but we knew it was just a stalling tactic.
  • Be wary of deals that seem too good to be true, as some sellers will try to gazump you at the last minute with higher prices or additional fees.

Hypernyms

  • Rip Off
  • Chisel

Meaning 2

Rip off; ask an unreasonable price.

Classification

Verbs of buying, selling, owning.

Synonyms

  • Plume
  • Pluck
  • Fleece
  • Hook
  • Overcharge
  • Soak
  • Rob
  • Surcharge

Hypernyms

  • Cheat
  • Rip Off
  • Chisel

Hyponyms

  • Squeeze
  • Extort
  • Wring
  • Rack
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