lowball

adj

1. Significantly below the actual cost or value.

   “In April, NASA selected SpaceX to build the lunar lander for the Artemis program, thanks in part to a lowball $2.9 billion bid.”

   “At the meeting last Wednesday during which these changes were announced, the interim head of the NEH also estimated that each of the 250 statues would cost $100,000 to $200,000, bringing the total cost as high as $50 million. And this may have been a lowball figure.”

noun

1. The position of the ball on an American railroad ball signal that indicated Stop.
2. A form of poker in which the lowest-ranking poker hand wins the pot. Usually the ace is the lowest-ranking card, straights and flushes do not count making the best possible hand being A, 2, 3, 4, 5 regardless of suits (in contrast to deuce-to-seven lowball.)
3. A form of cribbage in which the first to score 121 (or 61) is the loser.
4. An unmixed alcohol drink served on ice or water in a short glass.
5. (abbreviation, alt-of, clipping)Clipping of lowball glass.

verb

1. (transitive)To give an intentionally low estimate of anything, not necessarily with deceptive intent.
2. (transitive)To give (a customer) a deceptively low price or cost estimate that one has no intention of honoring or to prepare a cost estimate deliberately and misleadingly low.

   “A few other news flashes from the interview: The president of the United States thinks that the government should not pay its bills in full. It should lowball its contractors and force them to accept half payment, he said.”

3. (transitive)To make an offer well below an item's true value, often to take advantage of the seller's desperation or desire to sell the item quickly.