gazundering
C1CEFR level
95/100Rarity: very rare
TechnicalRegister
Law noun
A buyer's tactic of reducing the agreed offer just before exchange, exploiting the seller's commitment to the sale.
Facing a broken chain, the seller reluctantly accepted the gazundering and dropped the price by ten thousand pounds.
Business noun
A buyer's lowering of an already-agreed price at the last moment, exploiting the seller's commitment.
Classic gazundering: they dropped their offer the morning of exchange, betting we couldn't afford to walk.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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