Definitions

1. verb

to bid or offer a price that is lower than the price offered by another person or company.

“The company was forced to underbid on the contract in order to secure the deal.”

2. verb

to propose a lower price or amount for something.

“She underbid on the art piece, buying it for a fraction of its actual value.”

3. noun

a bid or offer that is lower than the price offered by another person or company.

“The underbid from the rival company was the deciding factor in the auction.”