Verb: underquote ,ún-du(r)'kwowt
- Offer for sale at a price lower than the market price
"The new store underquoted its competitors to attract customers"
- Quote a price lower than that quoted by (another seller)
"The new company underquoted all its competitors to gain market share"; "He underquoted the job to win the contract"
Derived forms: underquotes, underquoted, underquoting