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English definition of “underpay”

underpay

verb
 
 
/ˌʌndəˈpeɪ/ US   /-dɚ-/ (underpaid)
[T] to pay someone too little money for the work they do: The company was found to have underpaid workers in violation of the state's prevailing wage law. They were underpaid millions of dollars.
[T] to pay less than is necessary or less than the value of something: The company has been hit with a bill for underpaying tax.
[I or T] BANKING, FINANCE to make smaller payments than originally agreed when paying back a loan: Some customers want full flexibility - the ability to overpay, underpay, or take payment holidays.
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(Definition of underpay from the Cambridge Business English Dictionary © Cambridge University Press)
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