Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • transitive v. To rate too low; underestimate.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • v. to underestimate; to make too low a rate or estimate
  • n. A price less than the value.

from the GNU version of the Collaborative International Dictionary of English

  • n. A price less than the value.
  • transitive v. To rate too low; to rate below the value; to undervalue.

from The Century Dictionary and Cyclopedia

  • To rate too low; rate below the value; undervalue.
  • n. A price less than the true value.
  • Being below the standard; inferior.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • v. make too low an estimate of

Etymologies

under- +‎ rate (Wiktionary)

Examples

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