lowball

[loh-bawl]
noun
1.
Cards. a game of draw poker in which the player having the lowest-ranking hand wins the pot.
verb (used with object)
2.
to deliberately estimate a lower price for (a service or merchandise) than one intends to charge: to lowball the cost of a move.
3.
to give a false estimate or bid for.
verb (used without object)
4.
to engage in lowballing.
adjective
5.
engaged in or characteristic of lowballing: a lowball bid.

Origin:
low1 + ball1

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
lowball (ˈləʊˌbɔːl)
 
n
1.  a game of poker in which the player with the lowest hand wins
2.  a.  a very low estimate or offer
 b.  (as modifier): a lowball bid
 
vb
3.  (tr) to make a very low estimate or offer for (a service, product, company, etc)

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
The researchers found that the gals tended to lowball how long they spend glued to the screen.
It cannot lowball claims or delay claims hoping that the insured will settle for less.
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