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Abacus-money Jargon

G

Gazumping

This is where the seller accepts an offer and agrees the sale only to accept a bigger offer before exchange of contracts has taken place.

Gazundering

The practice of withdrawing a price already offered and making a lower offer. This is the opposite of gazumping.

Guarantor

Someone who guarantees to repay your mortgage if you can't borrow enough to buy the home you want. Parents, for instance, may act as guarantors for their children when they buy their first home.