[UNDER-1 10 b.] The action of undervaluing.
1. † a. Reduction or decline in value. Obs.–1
1622. Malynes, Anc. Law-Merch., 482. The vnderualuation of our moneys, causeth no more commodities to be brought into the Realme than is carried out.
b. Valuation at too low a figure; inadequate monetary valuation.
1653. in Somers, Tracts, I. 523. That the said Inventory doth contain all the Goods…, without any wilful Omission or Undervaluntion.
1823. Hone, Every-day Bk., I. 1461. Another person said he was willing to give three hundred for it, This undervaluation was decisive.
1885. Manch. Exam., 22 July, 5/1. Suggestions as to the best mode of preventing undervaluations.
2. Insufficient appreciation or estimation; depreciation, disparagement.
1626. Jackson, Creed, VIII. xxviii. In this their undervaluation of his person and paines, they did portend their posterities disesteeme of … the Lord himself.
1681. No Protestant-Plot, 6. Having been so unhappy as to have heard him spoken of with too much disregard, and undervaluation.
1851. De Quincey, Ld. Carlisle on Pope, Wks. 1859, XIII. 20. The first error was … no more than an undervaluation of the truth.
