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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 and UK English, with examples of usage and pronunciation. Find out how lowball is used in different contexts, such as business, poker and card games.
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 play word games on Merriam-Webster.com.
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.
Learn the meaning and usage of the verb lowball, which means to deliberately make an estimate of the cost, value, etc. of something that is too low. See how to pronounce it, find synonyms and contrast it with highball.
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.
The converse offer from a buyer, a "high-ball" offer, is an offer at a price the buyer hopes is not quickly accepted, made with the intention of being replaced with a reduced price to pressure a reluctant seller.
