The word "lowball" is spelled phonetically as /ˈloʊˌbɔl/. The first syllable "low" sounds like "l-oh" and the second syllable "ball" sounds like "b-awl". In English, "lowball" is a verb meaning to deliberately give a low estimate or offer. It can also be used as an adjective to describe something that is priced or valued lower than expected. This word is commonly used in negotiations or in a casino game of poker. The spelling of "lowball" is unique and not easily guessable due to its origins in American slang.
Lowball (verb):
1. To underestimate or intentionally denote a price, value, estimate, or offer that is significantly lower than what is fair, customary, or typically expected. By doing so, it aims to obtain an economic advantage, secure a better deal, or get the upper hand in negotiations.
2. To make a deliberately low offer or a price that is incongruously low in comparison to the actual worth or quality of something. This tactic can be employed in various contexts, such as the buying or selling of goods, services, properties, or during contractual agreements.
Lowball (adjective):
1. Describing an offer, proposal, or price that is unusually and significantly below what is considered reasonable, typical, or expected. Such lowball offers may be made with the intention to bargain, haggle, or negotiate a more favorable deal for the person making the offer.
2. Characterizing a person who habitually or commonly employs the strategy of underestimating the value or cost of something, often to their own advantage. This tactic may be seen as opportunistic or cunning, particularly in situations where negotiation or financial matters are involved.
In essence, the term "lowball" refers to the act of purposely undervaluing or underestimating something or someone in order to gain an advantage, secure a favorable deal, or achieve a more advantageous position in negotiations or transactions. It often involves offering a significantly lower price or estimate than what is considered reasonable or customary.
The word "lowball" originated in the United States in the mid-20th century. It combines the words "low" and "ball" to create a metaphorical expression.
The term "low" refers to something that is cheap, inferior, or of lesser value. It has been used in English since the 15th century, derived from the Old Norse word "lagr" meaning "low" or "short".
The word "ball" has multiple meanings, one of which is a round object used in various sports or games. In this context, it signifies an offer or a bid during a negotiation.
Therefore, when combined, "lowball" denotes the action of making an intentionally low offer or bid in a negotiation. It implies trying to convince the other party to accept terms that are financially advantageous to the person making the offer but disadvantageous to the recipient.