undercharge

undercharge
undercharge und‧er‧charge [ˌʌndəˈtʆɑːdʒ ǁ ˌʌndərˈtʆɑːrdʒ] verb [intransitive, transitive]
to charge too little or less than the correct amount of money for something:

• The city was grossly undercharging the tannery for the use of the sewage treatment plant.

undercharge somebody by £10/​$20 etc

• They undercharged me by about two dollars.

— opposite overcharge
— undercharge [ˈʌndətʆɑːdʒ ǁ -dərtʆɑːrdʒ] noun [countable] :

• an undercharge of £15

* * *

Ⅰ.
undercharge UK US /ˌʌndəˈtʃɑːdʒ/ verb [I or T] FINANCE, COMMERCE
to ask someone to pay less than the real price or value of a product or service: »

The investigation found that some supermarkets were undercharging.

»

Inspectors don't fail stores for undercharging customers, but it's still a problem.

Compare OVERCHARGE(Cf. ↑overcharge)
Ⅱ.
undercharge UK US /ˈʌndətʃɑːdʒ/ noun [C] FINANCE, COMMERCE
a request for payment that is less than the real price or value of a product or service: »

An electricity supplier can recover an undercharge for a maximum period of one year before the date of discovery.

Compare OVERCHARGE(Cf. ↑overcharge)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Undercharge — Un der*charge , v. t. 1. To charge below or under; to charge less than is usual or suitable fro; as, to undercharge goods or services. [1913 Webster] 2. To put too small a charge into; as, to undercharge a gun. [1913 Webster] {Undercharged mine}… …   The Collaborative International Dictionary of English

  • Undercharge — Un der*charge , n. A charge that is less than is usual or suitable. [1913 Webster] …   The Collaborative International Dictionary of English

  • undercharge — ► VERB ▪ charge (someone) a price or amount that is too low …   English terms dictionary

  • undercharge — [un΄dər chärj′; ] for n. [ un′dər chärj΄] vt., vi. undercharged, undercharging 1. to charge too low a price (to) 2. to provide (a gun, electric battery, etc.) with too little or too low a charge n. an insufficient charge …   English World dictionary

  • undercharge — UK [ˌʌndə(r)ˈtʃɑː(r)dʒ] / US [ˌʌndərˈtʃɑrdʒ] / US [ˈʌndərˌtʃɑrdʒ] verb [intransitive/transitive] Word forms undercharge : present tense I/you/we/they undercharge he/she/it undercharges present participle undercharging past tense undercharged past …   English dictionary

  • undercharge — transitive verb Date: 1633 to charge (as a person) too little • undercharge noun …   New Collegiate Dictionary

  • undercharge — und|er|charge [ˌʌndəˈtʃa:dʒ US ˌʌndərˈtʃa:rdʒ] v [I and T] to charge too little or less than the correct amount of money for something ≠ ↑overcharge ▪ The city is grossly undercharging (=charging far too little) companies to use the land.… …   Dictionary of contemporary English

  • undercharge — verb (I, T) to charge too little or less than the correct amount of money for something: undercharge sb by £1/$2 etc: They undercharged me by about two dollars. opposite overcharge (1) …   Longman dictionary of contemporary English

  • undercharge — v. /un deuhr chahrj /; n. /un deuhr chahrj /, v., undercharged, undercharging, n. v.t. 1. to charge (a purchaser) less than the proper or fair price. 2. to charge (a stated amount) less than the proper price: They undercharged several dollars for …   Universalium

  • undercharge — verb To charge less than the correct amount. Ant: overcharge …   Wiktionary

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