undercharge
verb [ I or T ]
FINANCE, COMMERCE uk/ˌʌndəˈtʃɑːdʒ/ usto ask someone to pay less than the real price or value of a product or service:
The investigation found that some supermarkets were undercharging.
Inspectors don't fail stores for undercharging customers, but it's still a problem.
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overcharge
undercharge
noun [ C ]
FINANCE, COMMERCE uk/ˈʌndətʃɑːdʒ/ usa request for payment that is less than the real price or value of a product or service:
An electricity supplier can recover an undercharge for a maximum period of one year before the date of discovery.
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overcharge