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Updated: Aug 20, 2021

A slang expression used in the context of buying and selling real property, particularly houses. It denotes a situation where, having made a legally unenforceable promise to sell property to a prospective customer, a person makes a quick cash sale at a higher price to another party. The gazumping relates to the initiative of a buyer with ready cash who wants to jump the queue.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.