LOW - In a position comparatively close to the ground.
NOD - To incline the head up and down, as to indicate agreement.
NOW - Present; current.
OLD - Of an object, concept, relationship, etc., having existed for a relatively long period of time.
OWL - Any of various birds of prey of the order Strigiformes that are primarily nocturnal and have forward-looking, binocular vision, limited eye movement, and good hearing.
OWN - To have rightful possession of (property, goods or capital); "To possess by right; to have the right of property in; to have the legal right or rightful title to." (Ref 1).
WON - Simple past tense and past participle of win.
WOW - An indication of excitement or surprise.
DOW - To be worth.
WOO - To endeavor to gain someone's support.
DON - A university professor, particularly one at Oxford or Cambridge.
DOWN - Hill, rolling grassland.
WOOD - The substance making up the central part of the trunk and branches of a tree. Used as a material for construction, to manufacture various items, etc. or as fuel.
WOOL - The hair of the sheep, llama and some other ruminants.
LOWDOWN - The story or truth; the scoop or dirt.