Gazump: Canada Debt .ca defines Gazump

Bankruptcy Term Gazump

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Canada Debt has the definition to the bankruptcy and debt term Gazump. Finding answers to terms such as Gazump can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Gazump in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Gazump' is used as follows:

To increase by subsequent bidding by an individual with effect of annulling any previous offer.