Definition, Meaning & Synonyms
lowball
verb
/ˈloʊˌbɔl/
Definition
To offer a price that is lower than the actual value of something, often in negotiations.
Examples
- During the negotiation, he decided to lowball the initial offer to test the waters.
- They lowballed the bid for the project, hoping to secure it at a cheaper rate.
- It’s not a good strategy to lowball your clients if you want to maintain a good relationship.
Meaning
The act of making a low or unfairly low offer for something, particularly in business dealings or negotiations.
Synonyms
- undervalue
- slight
- underbid
- cheat
