/ Dictionary / Index U underprice: Meaning and Definition of Find definitions for: un•der•price Pronunciation: (un"dur-prīs'), [key] — -priced, -pric•ing. to price (goods or merchandise) lower than the standard price or fair value. to undercut (a competitor) by underselling or setting prices below actual cost. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. See also: underprice (Thesaurus) underpraise underprivileged Related Content Daily Word Quiz: inutiae Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language