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Verb: underbid (underbid,underbidding)  ,ún-du(r)'bid
  1. Bid (a hand of cards) at less than the strength of the hand warrants
    "He consistently underbid his hands, missing out on game contracts"
     
  2. (auction) bid lower than a competing bidder
    "The company underbid its competitors to win the contract"
     
  3. (auction) bid too low
    "He underbid on the painting and lost the auction"

Derived forms: underbid, underbidding, underbids

Type of: bid, call, offer, tender

Antonym: outbid, overbid