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1.
an estimation that is too low; an estimate that is less than the true or actual value
'underestimate' - used as a verb
2.
assign too low a value to
Don't underestimate the value of this heirloom-you may sell it at a good price
3.
make a deliberately low estimate
4.
make too low an estimate of
he underestimated the work that went into the renovation
Don't underestimate the danger of such a raft trip on this river
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derived forms
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1. Underestimate / Plural
underestimates
2. Underestimate / Past
underestimated
3. Underestimate / Third Person
underestimates
4. Underestimate / Present Participle
underestimating
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