un·der·play

[uhn-der-pley, uhn-der-pley]
verb (used with object)
1.
to act (a part) sketchily.
2.
to act subtly and restrainedly.
3.
to understate or de-emphasize; downplay: The ambassador underplayed his role in the peace negotiations.
verb (used without object)
4.
to leave out of one's acting all subtlety and enriching detail.
5.
to achieve an effect in acting with a minimum of emphasis.
00:10
Underplay is one of our favorite verbs.
So is bowdlerise. Does it mean:
to expurgate (a written work) by removing or modifying passages considered vulgar or objectionable.
to swindle, cheat, hoodwink, or hoax.

Origin:
1725–35; under- + play

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Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To underplay
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World English Dictionary
underplay (ˌʌndəˈpleɪ) [Click for IPA pronunciation guide]
 
vb
1.  to play (a role) with restraint or subtlety
2.  to achieve (an effect) by deliberate lack of emphasis
3.  (intr) cards to lead or follow suit with a lower card when holding a higher one

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Do not underplay the seriousness of the situation nor create undue alarm.
It might have been better to embrace the chaos rather than underplay it.
Perhaps he does underplay how far simplification and prejudice are willingly
  embraced rather than imposed.
We do not mean to underplay the importance of addressing the pressing needs of
  subgroups of the homeless.
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