Banks.com.au - Glossary

Glossary

Glossary of terms and acronyms related to Australian banking, finance and investments.

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Gazumping: Gazumping occurs when a seller accepts an offer on a property but accepts higher bid from another buyer before a deposit is made. This leaves the first buyer with only two options: offer a higher pri... view full definition of "Gazumping"
Giro Post: Giro Post is an Australian banking service allowing holders of card-based accounts to make bank transactions via post. It supports a wide range of personal banking transactions including deposits, wi... view full definition of "Giro Post"
Guarantor: A guarantor is a person or institution who takes responsibility for another person's debt. in the agreement, the guarantor promises to pay off the debt if the person fails to do so, using his own ass... view full definition of "Guarantor"

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