understate

[uhn-der-steyt]

un·der·state

[uhn-der-steyt]
verb (used with object), un·der·stat·ed, un·der·stat·ing.
to state or represent less strongly or strikingly than the facts would bear out; set forth in restrained, moderate, or weak terms: The casualty lists understate the extent of the disaster.

Origin:
1815–25; under- + state

un·der·state·ment [uhn-der-steyt-muhnt, uhn-der-steyt-] noun
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Understate 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 flee; abscond:
Collins
World English Dictionary
understate (ˌʌndəˈsteɪt)
 
vb
1.  to state (something) in restrained terms, often to obtain an ironic effect
2.  to state that (something, such as a number) is less than it is

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