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un‧der‧state‧ment
1 [countable] a statement that is not strong enough to express how good, bad, impressive etc something really is :
2 [uncountable] the practice of making something seem to have less of a particular quality than it really has
with understatement 
'We have not done quite well enough,' Macmillan said, with characteristic understatement.
'We have not done quite well enough,' Macmillan said, with characteristic understatement.
