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Undercharge

   Also found in: Dictionary/thesaurus, Acronyms 0.01 sec.
Undercharge
To assess a buyer too little for a product. For example, one may sell an antique car worth $50,000 for $10,000. Because pricing is somewhat subjective, it can be difficult to determine when someone has been undercharged.


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Motor Vehicle Commissioner Bennie Sanchez, who is operating the big department as an independent agency for the first time this year, said he hopes to recover a major portion of the money lost in the past fiscal year but that it would probably cost more than it is worth to attempt to recover earlier undercharges.
He told the Campaign for Real Ale's magazine: "Most pubs undercharge.
Other addbacks are difference on the rent plus one time payment to Jobber for prior undercharges.
 
 
 
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