3 definitions found From The Collaborative International Dictionary of English v.0.48 [gcide]: Understatement \Un"der*state`ment\, n. The act of understating, or the condition of being understated; that which is understated; a statement below the truth. [1913 Webster] From WordNet (r) 2.0 [wn]: understatement n : a statement that is restrained in ironic contrast to what might have been said [ant: {exaggeration}] From Moby Thesaurus II by Grady Ward, 1.0 [moby-thes]: 33 Moby Thesaurus words for "understatement": abstractionism, coloring, deformation, distortion, exaggeration, expressionism, false coloring, falsification, garbling, hyperbole, inaccuracy, injustice, litotes, miscoloring, misdrawing, mispainting, misquotation, misreport, misrepresentation, misstatement, misteaching, nonrealism, overdrawing, overstatement, perversion, quietness, restrainedness, restraint, simplicity, slanting, subduedness, twisting, unobtrusiveness
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