Meaning of “underrate” in the English Dictionary

"underrate" in British English

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underrateverb [ T ]

uk /ˌʌn.dəˈreɪt/ us /ˌʌn.dɚˈreɪt/

to fail to understand how skilful, important, etc. someone or something is:

The company has consistently underrated the importance of a well-trained workforce.
adjective uk /ˌʌn.dəˈreɪ.tɪd/ us /ˌʌn.dɚˈreɪ.t̬ɪd/

In my opinion, fennel is an underrated vegetable.

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

"underrate" in American English

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underrateverb [ T ]

us /ˌʌn·dərˈreɪt/

to fail to recognize the importance, value, skill, power, etc., of someone or something:

Never underrate your opponent in a political contest.

(Definition of “underrate” from the Cambridge Academic Content Dictionary © Cambridge University Press)