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Gazumping

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

  1. Glossary

    Glossary Active Member

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

    Gazumping refers to the situation when, prior to exchange of contracts on a property sale, the seller accepts another offer (usually higher) from another buyer.