(underbids, underbidding; past and past participle underbid) [with object]
1(in an auction or competitive tendering) make a lower bid than (someone):they were underbid by competitors who charged less (as noun underbidding)underbidding for contracts is a road to ruin
2 Bridge make a lower bid on (one’s hand) than its strength warrants:the average player underbids his small hands