Pronounced: rah-tee-oh-suh-NAY-shun, noun
Notes: I saw “ratio” in the word and mispronounced it
Yesterday’s word
The word gazunder means “to reduce the amount of an offer after it has been accepted by the seller”
First usage
Our word came into English in the 1980s
Background / Comments
As I noted, I’ve never run across this word; on the other hand, it is a relatively new word. It seems immoral to me to change the price after it has been agreed upon, no matter which side (buyer or seller) does it. When the seller raises the price after it has been agreed upon, it is called “gazump”, which came into English in the 1920s. Our word is a combination of “gazump” and “under”.
Richard's Vocabulary Word-of-the-Day 