Business Dictionary :

Underbid, Undercapitalized, Undercharge,

Undercut and Underdeveloped

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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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