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- DictionaryLow·ball/ˈlōˌbôl/
noun
- 1. a ball pitched so as to pass over the plate below the level of the batter's knees.
verb
- 1. offer a deceptively or unrealistically low estimate, bid, etc. to: informal North American "are you being lowballed by someone who hopes to make money on extras later?"
Learn the meaning of lowball as a verb and a noun, with examples of usage and word history. Find out how to use lowball in a sentence and see related words and games.
- What Is Lowballing?
- Understanding Lowball Offers
- Example of Lowballing
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A lowball offer is a slang term for an offer that is significantly below the seller’s asking price, or a quote that is deliberately lower than the price the seller intends to charge. To lowball also means to deliberately give a false estimate for something. Usually, the potential buyer making the lowball offer is not actually expecting the seller t...
Lowball offers are most commonly used as a tactic to put pressure on a seller who might need to liquidate assets quickly. Alternatively, when negotiating a price, prospective buyers might begin negotiations with a lowball offer to gauge the seller's expectations of the asset’s fair value. This can give the buyer an advantage as the negotiations con...
In the LIBOR scandal during the financial crisisin 2008, banks in the U.K., including Barclays, Lloyds Banking Group, and Royal Bank of Scotland, kept LIBOR rates artificially low, by "lowballing” their LIBOR submissions. This false estimate not only helped them make a profit on their trading books but made them seem more creditworthy than they rea...
A lowball offer is an offer that is far less than the seller's asking price or is deliberately too low, as a means of starting negotiations. It can also mean to throw out a purposely lower than reasonable number to see how the seller will react. Learn how lowballing works, its advantages and disadvantages, and some examples of lowballing in business and finance.
When you lowball someone, you attempt to buy something from them by offering a lot less money than it's actually worth. If you want to buy a car that you can't quite afford, you might decide to lowball.
Learn the meaning of lowball as an adjective and a verb in US and UK English, with examples of usage and pronunciation. Find out how lowball is related to poker, business and other contexts.
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Learn the meaning of lowball as an adjective and a verb in US and UK English, with examples of usage and pronunciation. Find out how to use lowball in business, negotiation, insurance and weight contexts.
Low-ball is a negotiation technique where the seller make a a less price offer to avoid further Negotiation. Overview. By buyers.
lowball. lowball something to deliberately make an estimate of the cost, value, etc. of something that is too low. He lowballed the cost of the project in order to obtain federal funding. Definition of lowball verb in Oxford Advanced Learner's Dictionary.
