Longman Dictionary of Contemporary English homepage

undercharge

 verb
     
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und‧er‧charge [intransitive and transitive]
BF to charge too little or less than the correct amount of money for something [≠ overcharge]:
The city is grossly undercharging (=charging far too little) companies to use the land.
undercharge somebody by £1/$2 etc
They undercharged me by about $2.
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.
 
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