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understatement

un·der·state·ment [ ùndər stáytmənt, úndər stàytmənt ] (plural un·der·state·ments)


noun 
Definition:
 
1. restrained or muted statement: a statement, or a way of expressing yourself, that is deliberately less forceful or dramatic than the subject would seem to justify or require

2. incomplete statement: a statement that underrepresents or underreports something

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