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English definition of “underspend”

underspend

noun [C or U]
 
 
/ˈʌndəspend/ (underspent) FINANCE, ECONOMICS
the act of spending less than you are able to or than was planned, or the amount spent: The Scottish Executive had a year-end underspend of £750m. They agreed that he could carry forward any underspend from this year's budget.an underspend on sth The underspend on the capital investment programme might be due to cutting corners. → Compare overspend noun
(Definition of underspend noun from the Cambridge Business English Dictionary © Cambridge University Press)
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