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Meaning of “underbid” in the English Dictionary

"underbid" in Business English

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underbidverb [T]

uk   /ˌʌndəˈbɪd/ us   underbidding, underbid, underbid COMMERCE
to offer to do work or provide a service for a lower price than someone else: They stopped bidding for airport contracts because they were routinely underbid by cheaper providers.
(Definition of underbid from the Cambridge Business English Dictionary © Cambridge University Press)
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