underquote

underquote

[uhn-der-kwoht]
verb (used with object), underquoted, underquoting.
1.
to offer (stocks, merchandise, etc.) at a price lower than the market price or some other quoted price; offer at a price reduced by (a specified amount).
2.
to quote a price lower than that of (a specified competitor).

Origin:
1890–95; under- + quote

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World English Dictionary
underquote (ˌʌndəˈkwəʊt)
 
vb
1.  to offer for sale (securities, goods, or services) at a price lower than the market price
2.  (tr) to quote a price lower than that quoted by (another)

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