undercut Meaning in the Cambridge English Dictionary
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Meaning of “undercut” in the English Dictionary

"undercut" in British English

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undercutverb [T]

uk   /ˌʌn.dəˈkʌt/  us   /-dɚ-/ (present participle undercutting, past tense and past participle undercut)

undercut verb [T] (CHARGE LESS THAN)

to ​charge less than a ​competitor: Big ​supermarkets can undercut all ​rivals, ​especiallysmall family-owned ​shops. They ​claim to undercut ​theircompetitors by at least five ​percent.

undercut verb [T] (DAMAGE)

to ​damage something or to make it ​fail: He ​suspected it was an ​attempt to undercut his ​authority.
Synonym
(Definition of undercut from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"undercut" in American English

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undercutverb [T]

 us   /ˌʌn·dərˈkʌt/ (present participle undercutting, past tense and past participle undercut)
to ​weaken, ​damage, or ​cause the ​failure of something; undermine : He's got a ​plan, so I don't ​want to undercut the ​effort that he has ​underway. To undercut is also to ​charge less than a ​competitor: Large ​supermarkets can undercut ​theirsmallerrivals.
(Definition of undercut from the Cambridge Academic Content Dictionary © Cambridge University Press)

"undercut" in Business English

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undercutverb [T]

uk   us   /ˌʌndəˈkʌt/ (-tt-, undercut, undercut) COMMERCE
to ​sellgoods or ​provide a ​service for a ​lowerprice than someone else: Large ​supermarkets undercut ​cornershops and put them out of ​business.
(Definition of undercut from the Cambridge Business English Dictionary © Cambridge University Press)
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