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Underbid

ˌʌndəˈbɪd

Underbid definitions
verb
underbids underbidding underbid
  1. (in an auction or competitive tendering) make a lower bid than (someone)

    "they were underbid by competitors who charged less"

    charge less than charge a lower price than undersell underbid
  2. make a lower bid on (one's hand) than its strength warrants

    "the average player underbids his small hands"

noun
underbid underbids
  1. a bid that is lower than another or than is justified