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English definition of “underbid”

underbid

verb [T]
 
 
/ˌʌndəˈbɪd/ (underbidding, underbid, underbid) COMMERCE
to offer to do work or provide a service for a lower price than someone else: They stopped bidding for airport contracts because they were routinely underbid by cheaper providers.
(Definition of underbid from the Cambridge Business English Dictionary © Cambridge University Press)
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