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addaword.gifdefinition of lowballing

noun
the practice of deliberately underestimating a cost, price, rate etc in order to deceive
She raised the issue that Barclays audits had failed to uncover the practise [sic] throughout the period - a fact which was confirmed by Diamond stressing that he had only just learned of the lowballing this month.
Submitted from United Kingdom on 05/07/2012 18:06:00
Definition of lowballing from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

kimchi

a Korean dish made from fermented cabbage or other vegetables, garlic and spices

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