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understate

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verb [transitive] understate pronunciation in British English /ˌʌndə(r)ˈsteɪt/ 
Word Forms
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present tense
I/you/we/theyunderstate
he/she/itunderstates
present participleunderstating
past tenseunderstated
past participleunderstated
  1. to say that something is less important, serious, big etc than it really is

    The report understated the social costs of the new development.

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