gazump

/ɡəˈzʌmp/

noun

  1. 1

    The act of gazumping.

verb

  1. 1

    To swindle; to extort.

  2. 2

    To raise the selling price of something (especially property) after previously agreeing to a lower one.

  3. 3

    To buy a property by bidding more than the price of an existing, accepted offer.

  4. 4

    To trump or preempt; to reap the benefit underhandedly from a situation that someone else has worked to create.

noun

  1. 1

    An automobile.

  2. 2

    A politician who takes bribes.

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