[ɡəˈzʌmp], (Verb)

Definitions:
- make a higher offer for a house than (someone whose offer has already been accepted by the seller) and thus succeed in acquiring the property
(e.g: the trio are fuming after they were gazumped by a property speculator)

- swindle (someone)
(e.g: I gazumped a friend of mine with complete success last night)


Phrases:

Origin:
1920s (in gazump): from Yiddish gezumph ‘overcharge’. gazump dates from the 1970s