According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
LOWBALL
lowball, underestimate
(verb) make a deliberately low estimate; “The construction company wanted the contract badly and lowballed”
Source: WordNet® 3.1
Etymology
Noun
lowball (plural lowballs)
The position of the ball on an American railroad ball signal that indicated Stop.
(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.)
A form of cribbage in which the first to score 121 (or 61) is the loser.
An unmixed alcohol drink served on ice or water in a short glass.
Verb
lowball (third-person singular simple present lowballs, present participle lowballing, simple past and past participle lowballed)
(transitive) to give an intentionally low estimate of anything, not necessarily with deceptive intent.
(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.
(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.
Antonyms
• highball
Source: Wiktionary
Recent Word Finds
Word of the Day
23 November 2024
THEORETICAL
(adjective) concerned primarily with theories or hypotheses rather than practical considerations; “theoretical science”
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