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| un·der·quote [ ùndər kwṓt ] (past and past participle un·der·quot·ed, present participle un·der·quot·ing, 3rd person present singular un·der·quotes) |
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1. transitive and intransitive verb sell below its actual value: to offer something for sale at a lower price than the market value
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2. transitive verb quote lower price than: to quote a lower price than a competitor in tendering for a job
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