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Verb: underbid (underbid,underbidding)  `ún-du(r)'bid
  1. Bid (a hand of cards) at less than the strength of the hand warrants
     
  2. Bid lower than a competing bidder
     
  3. Bid too low

Derived forms: underbid, underbids, underbidding

Type of: bid, call, offer, tender

Antonym: outbid, overbid