v. [UNDER-1 8 b.] trans. To quote a lower price than.
1891. Engineer, 20 Feb., 156. In some instances merchants have been underquoting makers to the extent of 2s. 6d. to 5s. a ton.
1897. Westm. Gaz., 9 Sept., 8/1. The American competitors … are always ready to underquote the official prices.
