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underquote

(-kwōt′)

transitive verb underquoted, underquoting

to quote (goods) at a price lower than another price or than the market price
to quote a lower price than (other sellers)

See underquote in American Heritage Dictionary 4

transitive verb un·der·quot·ed, un·der·quot·ing, un·der·quotes

To offer (goods or services) for sale at a price lower than the official list or market price.
To quote a lower price than that quoted by (another); undersell.

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