How Do You Spell GAZUMP?

Pronunciation: [ɡˈazʌmp] (IPA)

The spelling of the word "gazump" may seem unusual, but it can be explained using IPA phonetic transcription. The word is pronounced /ɡəˈzʌmp/. The "g" is pronounced as in "go", the "a" is pronounced as in "but", the "z" is pronounced as in "zoo", the "u" is pronounced as in "hut", the "m" is pronounced as in "man", and the "p" is pronounced as in "pet". The meaning of the word is to cheat someone by raising the price of something previously agreed upon.

GAZUMP Meaning and Definition

1. Gazump is a verb that is primarily used in British English, and it refers to the act of raising the price of a property during the process of buying or selling it, usually once an agreement has already been reached. The term is commonly used in the real estate industry and is associated with a situation where a buyer or seller reneges on a previously agreed-upon price and demands a higher price before finalizing the transaction. This often occurs due to market conditions changing, demand increasing, or other offers being made on the property.

   In essence, gazumping occurs when one party takes advantage of the vulnerable position of the other party by raising the price of the property unexpectedly and potentially unfairly. It can lead to disappointment, frustration, and financial loss for the affected party, as they may have invested time, effort, and money in the transaction only to have the terms altered at the last minute.

   The term "gazump" can also be used more broadly to describe a situation where someone is deceived, tricked, or swindled in any given context, although this usage is less common. It is important to note that gazumping is not a legal term, and the legality, ethics, and prevalence of this practice can vary depending on the jurisdiction and the specific circumstances.

Common Misspellings for GAZUMP

• asump
• galump
• fazump
• vazump
• bazump
• hazump
• yazump
• tazump
• gzzump
• gszump
• gwzump
• gqzump
• gaxump
• gasump
• gaaump
• gazymp
• gaeum
• Gasum
• gAZZUP
• gzumc
• gazufy
• Gazomp

Etymology of GAZUMP

The word "gazump" originated in the United Kingdom and its etymology is interesting. It dates back to the early 20th century, specifically to the realm of real estate. Originally, gazump was used to describe a practice in property transactions where the seller accepted a higher offer from a different buyer after having already verbally accepted one offer.

The term is thought to have originated in the 1910s or 1920s and is believed to be a blend of two other words: "gazunder" and "hump". Gazunder referred to the opposite situation, where the buyer would reduce their offer just before the finalization of the deal. Hump, on the other hand, was a colloquial term used to describe swindling or cheating someone.

Similar spelling word for GAZUMP

• Gaskamp.

Conjugate verb Gazump

CONDITIONAL

I would gazump

you would gazump

he/she/it would gazump

we would gazump

they would gazump

CONDITIONAL CONTINUOUS

I would be gazumping

you would be gazumping

he/she/it would be gazumping

we would be gazumping

they would be gazumping

CONDITIONAL PERFECT

I would have gazump

you would have gazump

he/she/it would have gazump

we would have gazump

they would have gazump

CONDITIONAL PERFECT CONTINUOUS

I would have been gazumping

you would have been gazumping

he/she/it would have been gazumping

we would have been gazumping

they would have been gazumping

FUTURE

I will gazump

you will gazump

he/she/it will gazump

we will gazump

they will gazump

FUTURE CONTINUOUS

I will be gazumping

you will be gazumping

he/she/it will be gazumping

we will be gazumping

they will be gazumping

FUTURE PERFECT

I will have gazumped

you will have gazumped

he/she/it will have gazumped

we will have gazumped

they will have gazumped

FUTURE PERFECT CONTINUOUS

I will have been gazumping

you will have been gazumping

he/she/it will have been gazumping

we will have been gazumping

they will have been gazumping

IMPERATIVE

you gazump

we let´s gazump

NONFINITE VERB FORMS

to gazump

PAST

I gazumped

you gazumped

he/she/it gazumped

we gazumped

they gazumped

PAST CONTINUOUS

I was gazumping

you were gazumping

he/she/it was gazumping

we were gazumping

they were gazumping

PAST PARTICIPLE

gazumped

PAST PERFECT

I had gazumped

you had gazumped

he/she/it had gazumped

we had gazumped

they had gazumped

PAST PERFECT CONTINUOUS

I had been gazumping

you had been gazumping

he/she/it had been gazumping

we had been gazumping

they had been gazumping

PRESENT

I gazump

you gazump

he/she/it gazumps

we gazump

they gazump

PRESENT CONTINUOUS

I am gazumping

you are gazumping

he/she/it is gazumping

we are gazumping

they are gazumping

PRESENT PARTICIPLE

gazumping

PRESENT PERFECT

I have gazumped

you have gazumped

he/she/it has gazumped

we have gazumped

they have gazumped

PRESENT PERFECT CONTINUOUS

I have been gazumping

you have been gazumping

he/she/it has been gazumping

we have been gazumping

they have been gazumping

I would have gazumped

we would have gazumped

you would have gazumped

he/she/it would have gazumped

they would have gazumped