[UNDER-1 10 b.]
1. Insufficiency in worth. rare–1.
1605. Bacon, Adv. Learn., I. To King § 3. What defects and vndervalewes I finde in such particular actes.
2. An inadequate monetary value; an amount or price below the real value.
1611. Cotgr., Non-prix, an vnder value, or vnderprice.
1631. T. Powell, Tom All Trades, 3. Poverty sells all at an vnder value.
1690. Child, Disc. Trade, 101. We shall buy Ships … for half their cost, which under value in purchase will be a present clear profit to England.
1737. Ld. Hardwicke, in Harris, Life & Lett. (1847), I. 362. A bishop … calling in his tenants to fill up leases at an undervalue.
1769. Warburton, Lett. to Hurd (1809), 438. The magnificent set of Chelsea China … she took care should not go at an undervalue.
1829. Southey, Sir T. More (1831), II. 163. Persons who buy … because they are tempted by the undervalue at which it is offered.
1885. Law Times Rep., LII. 648/2. Shaw knew that he was buying at an undervalue.
† 3. An under-estimate of worth or importance; = UNDERVALUATION 2. Obs.
1615. A. Stafford, Heav. Dogge, 35. Diogenes knew his owne deserts, and was neerer the ouer then the undervalew of himselfe.
1654. R. Whitlock, Ζωοτομια, 345. That gentlewoman that inverted the undervalue of Marriages Maxime, ‘next to no wife a good wife the best.’
1680. J. Aubrey, Brief Lives (1898), I. 302. He did not care for chymistrey, and was wont to speake against them with undervalue.
