Usually means: Offering significantly less than value.
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We found 20 dictionaries that define the word lowball:

General (16 matching dictionaries)
  1. lowball: Merriam-Webster
  2. lowball: Oxford Learner's Dictionaries
  3. lowball: Collins English Dictionary
  4. lowball: Vocabulary.com
  5. Lowball: Wordnik
  6. lowball: Wiktionary
  7. lowball: Webster's New World College Dictionary, 4th Ed.
  8. lowball: The Wordsmyth English Dictionary-Thesaurus
  9. lowball: Infoplease Dictionary
  10. lowball: Dictionary.com
  11. Lowball (poker), Lowball: Wikipedia, the Free Encyclopedia
  12. lowball: Rhymezone
  13. lowball: FreeDictionary.org
  14. lowball: Mnemonic Dictionary
  15. lowball: TheFreeDictionary.com
  16. lowball: Wordnik

Business (1 matching dictionary)
  1. lowball: Financial dictionary

Slang (1 matching dictionary)
  1. lowball, lowball: Green’s Dictionary of Slang

Sports (1 matching dictionary)
  1. Lowball (or Draw Lowball): Dan's Poker

Tech (1 matching dictionary)
  1. AUTOMOTIVE TERMS (No longer online)

(Note: See lowballed as well.)

Definitions from Wiktionary (lowball)

adjective:  Significantly below the actual cost or value.
noun:  The position of the ball on an American railroad ball signal that indicated Stop.
noun:  (poker) A 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.)
noun:  A form of cribbage in which the first to score 121 (or 61) is the loser.
noun:  An unmixed alcohol drink served on ice or water in a short glass.
verb:  (transitive) To give an intentionally low estimate of anything, not necessarily with deceptive intent.
verb:  (transitive) To 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.
verb:  (transitive) To 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.
noun:  Clipping of lowball glass [A short glass tumbler used for serving lowballs, usually holding 180–300 ml.]

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