UNDERQUOTE
\ˌʌndəkwˈə͡ʊt], \ˌʌndəkwˈəʊt], \ˌʌ_n_d_ə_k_w_ˈəʊ_t]\
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offer for sale at a price lower than the market price
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quote a price lower than that quoted by (another seller)
By Princeton University