[UNDER-1 10 b.] Too low an estimate (of value, expense, etc.).

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1882.  Cornh. Mag., Feb., 169. He sets a high value on wealth, combating … the stoical underestimate of its importance.

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1895.  Bible Soc. Record (N.Y.), Dec., 178/2. The statements … are underestimates rather than overestimates.

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