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English definition of “understatement”

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understatement

noun [C or U]
 
 
/ˌʌndəˈsteɪtmənt/
a statement that something is much smaller, much less important, or much less serious than it really is: It's an understatement to say the workers are worried about their futures.with understatement The report says with understatement, 'there is still much scope for reform'.understatement of the century/decade/year To say he's been busy would be the understatement of the year.
→  Compare overstatement
(Definition of understatement from the Cambridge Business English Dictionary © Cambridge University Press)
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