Business Dictionary :
Underbid, Undercapitalized, Undercharge,
Undercut and Underdeveloped
Underbid : verb : to bid less than someone
NOTE : underbidding - underbid
Under Bidder : noun : person who bids less than the person who buys at an auction
Undercapitalized : adjective : without enough capital
• The company is severely undercapitalized.
Undercharge : verb : to ask for too little money
• He undercharged us by £25.
Undercut : verb : to offer something at a lower price than someone else
Underdeveloped : adjective : a country which has not been developed
• Japan is an underdeveloped market for our products.
Underdeveloped countries : countries which are not fully industrialised
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