underquote

[ uhn-der-kwoht ]

verb (used with object)

, un·der·quot·ed, un·der·quot·ing.

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).

underquote

/ ˌʌndəˈkwəʊt /

verb

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)

Word History and Origins

Origin of underquote¹

First recorded in 1890–95; under- + quote