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2 definitions found

From: WordNet (r) 2.0

 underbid
      v 1: bid (a hand of cards) at less than the strength of the hand
           warrants
      2: bid lower than a competing bidder [ant: outbid]
      3: bid too low [ant: overbid]
      [also: underbidding]

From: WordNet (r) 2.0

 underbidding
      See underbid