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English definition of “undercut”

undercut

verb [T] (CHARGE LESS THAN)    /ˌʌn.dəˈkʌt/ US  /-dɚ-/ (present participle undercutting, past tense and past participle undercut)
to charge less than a competitor: Big supermarkets can undercut all rivals, especially small high-street shops. They claim to undercut their competitors by at least five percent.Value and price decreasesSelling
(Definition of undercut verb (CHARGE LESS THAN) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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