Meaning of “undercharge” in the English Dictionary

"undercharge" in British English

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underchargeverb [ I or T ]

uk /ˌʌn.dəˈtʃɑːdʒ/ us /ˌʌn.dɚˈtʃɑːrdʒ/

(Definition of “undercharge” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"undercharge" in Business English

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underchargeverb [ I or T ]

uk /ˌʌndəˈtʃɑːdʒ/ us FINANCE, COMMERCE

to ask someone to pay less than the real price or value of a product or service:

The investigation found that some supermarkets were undercharging.
Inspectors don't fail stores for undercharging customers, but it's still a problem.

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underchargenoun [ C ]

uk /ˈʌndətʃɑːdʒ/ us FINANCE, COMMERCE

a request for payment that is less than the real price or value of a product or service:

An electricity supplier can recover an undercharge for a maximum period of one year before the date of discovery.

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(Definition of “undercharge” from the Cambridge Business English Dictionary © Cambridge University Press)

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