1. to bid lower than another person or company, especially in a competitive situation
Usage: business; auctions
2. to bid less than the true value or worth of something
Usage: auctions; contracts

Examples

• The small construction company decided to underbid their competitors to win the contract.
• She was careful not to underbid on the antique vase at the auction.
• The contractor underbid the project and ended up losing money.
• They underbid by twenty percent to secure the government deal.
• Don’t underbid yourself when negotiating your salary.
• The company’s strategy was to underbid initially and raise prices later.