gazump definition, gazump meaning | English dictionary

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1    to raise the price of something, esp. a house, after agreeing a price verbally with (an intending buyer)  
2    tr   to swindle or overcharge  
3    the act or an instance of gazumping  
     (C20: of uncertain origin)  
  gazumper      n  
English Collins Dictionary - English Definition & Thesaurus  
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gazumper, gamp, gaup, gaz

gazump v.
raise a price after agreeing on a lower one
Common real estate term but 'of uncertain origin'. However WW1 Australian soldier's diary records: "Huge rubber gun gazumps were falling all over the town [Watten]..." A weapon?

Additional comments:


The word began to be used in the 1920's, as a gangsters slang term. It...

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