lowball

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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.

lowball

Of, relating to, or being an unrealistically low bid. Compare pricey.
References in periodicals archive ?
According to Richard Wood, president of Plaza Construction, some companies have always "lowballed bids," though he noted that his own company does not.
The full analysis of how the IPCC has lowballed its estimate of sea-level rise, from when the IPCC report was released in 2007, is here.
Richard Foster, an obscure actuary at Health and Human Services, popped up a few weeks after O'Neill to reveal that the actual cost of Bush's Medicare drug bill was concealed by the Administration, which lowballed Congress by $150 billion.
The story was lowballed in the gay and mainstream press; the Human Rights Campaign Web site had no mention of, it ("We don't comment on every gay man who's murdered," an HRC staffer told me); only a few gay columnists took the subject on.
"The lawsuit is alleging that 21st Century deliberately lowballed policyholders on the estimated damage from the earthquake or tried to attribute the damage to pre-existing conditions of the property" Kabateck said.
However, as per Ariel Helwani of ESPN on Sunday, Diaz has denied a fight agreement with Masvidal or any other fighter, and feels he was being lowballed into making a return.