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 ?
Barcelona are holding out for between PS25m and PS30m to sell the Portuguese star, a figure the Hammers would meet but, in their usual way of dealing in the transfer market, they are currently low-balling their way along.
Libor, which underpins around $550 trillion of loans and financial contracts, hit the headlines in June when Barclays was fined a record $450 million for allowing traders to rig it and Euribor and for low-balling rates during the 2007/08 credit crunch.
Mr del Missier denied that the low-balling of Libor rates was "improper" in the context of what was happening in the financial sector at the time.