Definitions
1.AdjectiveSignificantly below the actual cost or value.
2.NounThe position of the ball on an American railroad ball signal that indicated Stop.
3.NounA 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.)
4.NounA form of cribbage in which the first to score 121 (or 61) is the loser.
5.NounAn unmixed alcohol drink served on ice or water in a short glass.
6.NounClipping of lowball glass.
7.VerbTo give an intentionally low estimate of anything, not necessarily with deceptive intent.
8.VerbTo 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.
9.VerbTo 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.