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Definition of underspend noun from the Oxford Advanced Learner's Dictionary

underspend

noun
 
/ˈʌndəspend/
 
/ˈʌndərspend/
[singular] (British English)
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  1. a situation in which not enough money is spent on something, especially when money has been made available for something but still not spent
    • a £1 million underspend
    • underspend on something The underspend on road maintenance is a national scandal.

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