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    underbid

    verb

    • 1. (in an auction or competitive tendering) make a lower bid than (someone): "they were underbid by competitors who charged less"
    • 2. make a lower bid on (one's hand) than its strength warrants: "the average player underbids his small hands"

    noun

    • 1. a bid that is lower than another or than is justified.

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