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English definition of “understate”

understate

verb [T]     /ˌʌndəˈsteɪt/ ACCOUNTING
to give an amount as less than it really is: The company's conservative accounting methods mean that results are actually understated. understate costs/profits
to make something seem less serious or important than it really is: Official figures hugely understate a growing problem.
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(Definition of understate verb from the Cambridge Business English Dictionary © Cambridge University Press)
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