Definition of underbid verb from the Oxford Advanced American Dictionary

 

underbid

 verb
verb
NAmE//ˌʌndərˈbɪd//
 
underbid somebody/somethingVerb Forms present simple I / you / we / they underbid
 
he / she / it underbids
 
past simple underbid
 
-ing form underbidding
 
 
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to make a lower bid than someone else, for example when trying to win a contract
See the Oxford Advanced Learner's Dictionary entry: underbid