Underbid

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Underbid \Un`der*bid"\, v. t.
     To bid less than, as when a contract or service is offered to
     the lowest bidder; to offer to contract, sell, or do for a
     lower price than.
     [1913 Webster]



From WordNet (r) 2.0 [wn]:

  underbid
       v 1: bid (a hand of cards) at less than the strength of the hand
            warrants
       2: bid lower than a competing bidder [ant: {outbid}]
       3: bid too low [ant: {overbid}]
       [also: {underbidding}]