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

"understatement" in British English

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understatementnoun [S or U]

uk   /ˌʌn.dəˈsteɪt.mənt/  us   /-dɚ-/
a ​statement that ​describes something in a way that makes it ​seem less ​important, ​serious, ​bad, etc. than it really is, or the ​act of making such ​statements: To say that her ​resignation was a ​shock would be an understatement - it ​causedpanic. "It didn't go well? " "That's the understatement of theyear/​decade/​century. It was a ​disaster."
(Definition of understatement from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"understatement" in Business English

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understatementnoun [C or U]

uk   us   /ˌʌndəˈsteɪtmənt/
a ​statement that something is much ​smaller, much less important, or much less serious than it really is: It's an understatement to say the ​workers are worried about their ​futures.with understatement The ​report says with understatement, 'there is still much ​scope for ​reform'.understatement of the century/decade/year To say he's been ​busy would be the understatement of the ​year.
(Definition of understatement from the Cambridge Business English Dictionary © Cambridge University Press)
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