<p><strong>Verb</strong></p><ul><li>(used with object)<ul><li>To charge (a purchaser) less than the proper or fair price.</li><li>To charge (a stated amount) less than the proper price: They undercharged several dollars for storing the goods.</li><li>To put an insufficient charge or load into.</li></ul></li></ul><p><strong>Noun</strong></p><ul><li>A charge or price less than is proper or customary.</li><li>An insufficient charge or load.</li></ul>