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

"understate" in British English

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understateverb [T]

uk   /ˌʌn.dəˈsteɪt/  us   /-dɚ-/
to ​describe something in a way that makes it ​seem less ​important, ​serious, ​bad, etc. than it really is: She ​believes the ​research understates the ​amount of ​discrimination women ​suffer.
(Definition of understate from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"understate" in American English

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understateverb [T]

 us   /ˌʌn·dərˈsteɪt/
to say that the ​amount or ​importance of something is less than it really is: The ​company was ​accused of understating ​potentialsideeffects of the ​drug.
understatement
noun [C/U]  us   /ˌʌn·dərˈsteɪt·mənt/
[C] To say I was ​confused is an understatement – I hadn’t the ​slightestidea what to do.
(Definition of understate from the Cambridge Academic Content Dictionary © Cambridge University Press)

"understate" in Business English

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understateverb [T]

uk   us   /ˌʌndəˈsteɪt/ ACCOUNTING
to give an ​amount as less than it really is: The company's ​conservativeaccountingmethodsmean that ​results are actually understated. understate ​costs/​profits
to make something seem less serious or important than it really is: Official ​figures hugely understate a ​growing problem.
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(Definition of understate from the Cambridge Business English Dictionary © Cambridge University Press)
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