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Gazumped

Discussion in 'Investing Glossary' started by Glossary, 27th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    When the seller of a property accepts another offer (usually higher) from another buyer, prior to exchange of contracts, then the original buyer is said to have been gazumped.

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    Glossary, 27th Sep, 2006
    #1