underquote

[ˌʌndərˈkwəʊt]

underquote Definition

• 1. to estimate or price something too low
• 2. to quote a price lower than the actual market value

Using underquote: Examples

Take a moment to familiarize yourself with how "underquote" can be used in various situations through the following examples!

• Example

  I think you underquoted the cost of the project.

• Example

  The seller underquoted the price of the car to attract more buyers.

• Example

  The contractor underquoted the price of the renovation and ended up losing money.

underquote Synonyms and Antonyms

Synonyms for underquote

• underestimate
• underprice
• undervalue

Antonyms for underquote

• overestimate
• overvalue
• overprice

Phrases with underquote

• underquote oneself

  to ask for or accept less money or compensation than one deserves or could have gotten

  Example

  She always underquotes herself when negotiating her salary.

• underquote the competition

  to offer a lower price than one's competitors in order to win business

  Example

  The company underquoted the competition to secure the contract.

• underquote a job

  to estimate the cost of a job too low, resulting in a loss or reduced profit margin

  Example

  The builder underquoted the job and had to cut corners to make a profit.

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Summary: underquote in Brief

'Underquote' [ˌʌndərˈkwəʊt] means to estimate or price something too low, often resulting in a loss or reduced profit margin. It is commonly used in business contexts, such as 'The contractor underquoted the price of the renovation and ended up losing money.' 'Underquote' can also be used in phrases like 'underquote oneself,' meaning to ask for or accept less money than one deserves, and 'underquote the competition,' referring to offering a lower price than one's competitors to win business.