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English definition of “understatement”

understatement

noun [S or U]     /ˌʌn.dəˈsteɪt.mənt/ US  /-dɚ-/
a statement that describes something in a way that makes it seem less important , serious , bad , etc. than it really is, or the act of making such statements : To say that her resignation was a shock would be an understatement - it caused panic . That New York City is not a peaceful place to live is the understatement of the year / month / century .Exaggerating and playing downPraising and applauding
(Definition of understatement noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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