Undercharge

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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.
References in periodicals archive ?
Defending and Avoiding Undercharge Claims and Suits
In fact, this practice may explain why PFMA has found that the number of undercharges generally exceeds that of overcharges.
Now with interest rates going up rather than down, however, we are finding a swing from [discrepancies resulting in] just overcharges to undercharges.
Reexamine their exposure to future undercharges due to the difficulty of verifying on a daily basis that every rate has been lawfully filed in their carriers' tariffs (for firms presently dealing with common carriers);
The outcry of shippers after the Maislin decision would not have occurred if shippers had been paying tariff rates all along; estimates of potential outstanding undercharges run as high as $32 billion.
A carrier that decides to pursue a shipper for undercharges will lose not only that customer but others, as the fallout from its action discourages customers from using the carrier.
Primary Steel contended that since the parties had negotiated the lower rates in good faith, having to pay the undercharges would constitute an unreasonable practice that would be in violation of the statute because the filed rates were not "reasonable" within the meaning of the statute.
NBWA) president Ronald Sarasin called last week for a legislative solution to the problem of motor carrier rate undercharge liability currently facing a number of beer distributors.
The investigation found overcharges on 29 percent of merchandise tested at 10 Kmart stores, and undercharges on 4 percent.
Firms presently dealing with common carriers should reexamine their exposure to future undercharges due to the difficulty of verifying on a daily basis that every rate has been lawfully filed in their carriers' tariffs.
If a store is found to have a three-to-one or greater ratio of overcharges to undercharges for three consecutive inspections, that store must item price; the item pricing continues until it passes four consecutive inspections.
According to Redlands police Lieutenant Bill Cranfill: "This new charging system is rugged, reliable, fast and even looks like it will add to battery life, because it never over- or undercharges.