undercharge

[v. uhn-der-chahrj; n. uhn-der-chahrj]
verb (used with object), undercharged, undercharging.
1.
to charge (a purchaser) less than the proper or fair price.
2.
to charge (a stated amount) less than the proper price: They undercharged several dollars for storing the goods.
3.
to put an insufficient charge or load into.
verb (used without object), undercharged, undercharging.
4.
to charge too little.
noun
5.
a charge or price less than is proper or customary.
6.
an insufficient charge or load.

Origin:
1625–35; under- + charge

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
undercharge (ˌʌndəˈtʃɑːdʒ)
 
vb
1.  to charge too little (for)
2.  (tr) to load (a gun, cannon, etc,) with an inadequate charge
 
n
3.  an insufficient charge

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Both undercharge and overcharge can reduce cooling equipment longevity, capacity, and efficiency.
If an undercharge occurred, you may be billed for the additional charges due.
Typically the number of items for which stores undercharge is slightly higher than those for which they overcharge.
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