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The meaning of LOWBALL is to give (a customer) a deceptively low price or cost estimate. How to use lowball in a sentence.
- What Is Lowballing?
- Understanding Lowball Offers
- Example of Lowballing
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...
lowball. verb [ T ] US informal uk / ˈləʊbɔːl / us. to calculate something at a price or level that is unfairly low : The campaign accused insurance companies of using computer programs designed to lowball claims and increase company profits.
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LOWBALL meaning: 1. at a level that is unfairly low: 2. to calculate something at a price or level that is unfairly…. Learn more.
When used by buyer, the low-ball is an offer for goods or services far lower than the price the buyer is willing to pay, made in the hope that the seller will at least counter-offer a price lower than the original asking price.
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.
Lowball definition: a game of draw poker in which the player having the lowest-ranking hand wins the pot.. See examples of LOWBALL used in a sentence.
