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- Dictionarylowball/ˈləʊbɔːl/
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 bid or estimate to: informal North American "are you being lowballed by someone who hopes to make money on extras later?"
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Learn the meaning of lowball as an adjective and a verb in US informal English, with examples of usage and pronunciation. Find out how lowball is related to poker, business and other contexts.
The meaning of LOWBALL is to give (a customer) a deceptively low price or cost estimate. How to use lowball in a sentence.
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.
- 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...
Learn what lowballing means in business and personal contexts, and how it can be used as a negotiation tactic or a deceptive sales practice. See an example of lowballing in the LIBOR scandal and its impact on the financial system.
Low-ball is an offer for goods or services far lower than the price the buyer or seller is willing to pay, made in the hope of getting a better deal. It can also refer to tax evasion, where a filer misrepresents income or expenses on a tax return.
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 and usage of the term lowball, which can refer to a card game, a low estimate or offer, or a false statement. Find synonyms, pronunciation, and translations of lowball in different contexts.
