Low ball

(redirected from Cost underestimation)
Also found in: Wikipedia.

Low ball

Slang for making an offer well below the fair value of an asset in hopes that the seller may be desperate to sell.

Lowball

1. Of or related to the low cost of a good, service, or security. A lowball cost is determined by comparing the cost to similar goods, services, and securities. Lowball costs may indicate a low quality in the good, service, or security.

2. Informal; to make an offer to buy something for an exceptionally low price. For example, if the asking price on a house is $200,000, a potential buyer may lowball the seller by offering $125,000.
References in periodicals archive ?
f) cost underestimation of the offer in respect of all offered reagents, controls, calibrators and consumables borne by the Contractor.

Full browser ?