Lowball

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The word Lowball has several senses:

  1. Also known as low poker, any of a number of poker variants in which traditional hand values are reversed, so that the lowest-valued hand wins. There are several interpretations of this idea: see Poker/Low hand for the specific methods used.
  2. A class of alcoholic beverage: an unmixed drink served on ice or water in a short glass (a back-formation from highball).
  3. As a verb, to underestimate or understate a price, for example in bargaining for a purchase.