Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb UK To
reduce theoffer price of aproperty after agreeing to a higher one (normally just before contracts are exchanged) - noun UK A
chamber pot
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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An estimated 54,000 buyers were "gazanged" in the first six months of this year - with buyers now more likely to be gazanged, where they are left hanging, than gazumped, where a rival buyer's higher offer is accepted, or to gazunder, where they lower their offer having already had it accepted.
Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011
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An estimated 54,000 buyers were "gazanged" in the first six months of this year - with buyers now more likely to be gazanged, where they are left hanging, than gazumped, where a rival buyer's higher offer is accepted, or to gazunder, where they lower their offer having already had it accepted.
Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011
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A gazunder typically occurs when the potential buyer has reason to suspect that the seller will probably lower the price to induce the buyer.
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The buyer would then gazunder for a lower price by offering a lower price than previously agreed to.
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A gazump can refer to other forms of cheating, but it is most commonly associated with real estate. gazunder is the opposite practice in which a buyer will abruptly lower the offered price before the transaction is finalized.
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Each gazunder needs renegotiation and that may have a knock-on effect through the entire chain.
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The temptation to gazunder - lower the bid at the last minute
bilby commented on the word gazunder
My grandmother was a terrible cook and a wonderful person. She honestly never had a negative thing to say about anybody and I was enthralled by the way she opened milk bottles by plunging her thumb through the lid. I should have listened to her more, but one word that sticks with me is gazunder. I heard her (and others of her generation) say it often enough. It was an object which 'goes under' the bed. But what was it? A ribbon-tied sheaf of letters from former lovers? A piss-pot? A gladstone bag? A glory-box containing your wedding dress? A basket for dirty clothes? An extra storage draw in a cramped, mining-era cottage? Nanna Phelps passed away before I found out what her gazunder was.
November 25, 2007
oroboros commented on the word gazunder
Interesting! I wonder if, possibly, it has a connection with a chamber pot? "The thunder mug gazunder the slumber sled". ;^D
November 25, 2007