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understate

un·der·state [ ùndər stáyt ] (past and past participle un·der·stat·ed, present participle un·der·stat·ing, 3rd person present singular un·der·states)


transitive verb 
Definition:
 
1. express with restraint: to express something in a deliberately less dramatic, emphatic, or emotional way than it seems to warrant, often to increase its actual impact or for the sake of irony

2. state something as below its true amount: to describe something as being smaller in quantity or number than it really is
understate the cost

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