lowball

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low·ball

(lō′bôl′)
tr.v. low·balled, low·bal·ling, low·balls Informal
To underestimate or understate (a cost) deliberately: "I get hopping mad every time I see a politician lowballing the cost of his latest healthcare boondoggle" (Megan McArdle).

[From the card game of the same name.]

low′ball′ adj.

lowball

(ˈləʊˌbɔːl)
n
1. (Card Games) a game of poker in which the player with the lowest hand wins
2. (Commerce)
a. a very low estimate or offer
b. (as modifier): a lowball bid.
vb
(Commerce) (tr) to make a very low estimate or offer for (a service, product, company, etc)

low•ball

(ˈloʊˌbɔl)

v.t.
1. to deliberately estimate a lower price for than one intends to charge.
2. to give a false estimate for.
[1965–70]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Verb1.lowball - make a deliberately low estimatelowball - make a deliberately low estimate; "The construction company wanted the contract badly and lowballed"
estimate, gauge, approximate, guess, judge - judge tentatively or form an estimate of (quantities or time); "I estimate this chicken to weigh three pounds"
References in periodicals archive ?
Mark Warburton's side are fighting to land the rapid attacker but have so far lowballed the Saints with a couple of bids that were bounced into touch.
Make a fair offer so your candidate doesn't feel lowballed.
Lowballed Limits: The average 401(k) participant believed his tax deferral limit in 2013 was around $8,500, rather than the actual limit of $17,500 for those under the age of 50 and $23,000 for those 50 and older, according to last year's Mercer Workplace Survey.
55 million under the franchise tag in 2012 after Welker felt he was being lowballed on a new deal and could not reach agreement on a long-term contract.
It appeared in September, with a lowballed target of $12,500.