noun
the action or practice of making an offer or estimate that is too low
verb
to make an offer or estimate that is too low
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The act of lowballing in negotiations can often lead to mistrust between parties.
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Stop lowballing me on the price, I know it's worth more than that.
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I can't believe they're lowballing us like this, it's insulting.
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His lowballing of the situation only served to downplay the seriousness of the issue at hand.