Business terms and jargon explained. Your business dictionary
What is Gazundering
This is where just before the exchange of contracts on a property takes place, the purchaser withdraws their previous offer and puts in a lower price. This happens when the property market is weak. The opposite situation to gazumping.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.