Gazump

	Definition of 'Gazump' A situation in which the price for real estate or land is raised to a higher price than what was previously verbally agreed upon.
	Investopedia explains 'Gazump' Basically, raising the price just before the papers are signed and the deal is delivered.

Related Definitions

Gazunder

When a buyer reduces his or her bid for a property before the transaction has been signed and finalized.
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Real Estate

Land plus anything permanently fixed to it, including buildings, sheds and other items attached to the structure. Although, media often refers to the "real estate market" from the ...
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1. Anything over which a person or business has legal title. Property may be tangible or intangible, but it is owned by an entity and is therefore considered an asset or a liability ...
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- Land
  
  Property or real estate, not including buildings or equipment, that does not occur naturally. Depending on the title, land ownership may also give the holder the rights to all natural ...
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