GAZUMP

gazump

(verb) raise the price of something after agreeing on a lower price

overcharge, soak, surcharge, gazump, fleece, plume, pluck, rob, hook

(verb) rip off; ask an unreasonable price

Source: WordNet® 3.1

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Etymology 1

Verb

gazump (third-person singular simple present gazumps, present participle gazumping, simple past and past participle gazumped)

(British) To swindle; to extort.

(British, Australia, real estate) To raise the selling price of something (especially property) after previously agreeing to a lower one.

(British, Australia, real estate) To buy a property by bidding more than the price of an existing, accepted offer.

(British, Australia) To trump or preempt; to reap the benefit underhandedly from a situation that someone else has worked to create.

Noun

gazump (plural gazumps)

(British, Australia, real estate) The act of gazumping.

Etymology 2

Noun

gazump (plural gazumps)

(US, slang, dated) An automobile.

A politician who takes bribes.

Source: Wiktionary

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