UNDERQUOTE Meaning and
Definition
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Underquote is a verb used to describe the act of providing an estimate or a price that is less than the actual cost of a service or product, with the aim of capturing a deal or gaining a competitive advantage. It involves intentionally submitting a lower bid or estimate for a project or job, which may lead to a financial loss for the service provider.
When someone underquotes, they essentially offer a price that is lower than what would be considered reasonable or fair in order to secure business. This may be done by downplaying the true expenses involved in completing the task, omitting certain costs, or making unrealistic assumptions about the project requirements. Underquoting can occur in various industries, but it is commonly associated with construction, professional services, and trades.
While underquoting may temporarily attract customers, it can have detrimental consequences. Service providers who underquote often find themselves financially strained, as the actual costs of delivering the project exceed their original estimate. This can lead to budgetary issues, low-quality work, or even disputes between the provider and the customer.
Moreover, underquoting can negatively affect the overall industry and market competition. It can create an unhealthy marketplace where businesses are driven by price rather than quality and sustainability. Clients may also develop unrealistic expectations about the pricing of services or products, which can harm the industry's reputation.
In summary, underquoting refers to deliberately offering a lower estimate or bid than the actual cost of a service or product, with the intention of securing business. However, it can lead to financial difficulties, compromised quality, and adversarial relationships between service providers and customers.
Common Misspellings for UNDERQUOTE
- ynderquote
- hnderquote
- jnderquote
- inderquote
- 8nderquote
- 7nderquote
- ubderquote
- umderquote
- ujderquote
- uhderquote
- unserquote
- unxerquote
- uncerquote
- unferquote
- unrerquote
- uneerquote
- undwrquote
- undsrquote
- unddrquote
Etymology of UNDERQUOTE
The word "underquote" is derived from the combination of two words: "under" and "quote".
- "Under" is a prefix originating from Old English and is used to indicate a position beneath, lesser in rank or importance, insufficient, or inadequacy.
- "Quote" is a noun that comes from the Latin word "quotare", meaning "to mark a number", and later evolved to mean "to repeat or cite". It is commonly used to refer to a statement or passage from a book, article, speech, or other source.
By combining these two words, "underquote" is formed, which means to give a quotation or estimate that is lower or less than the actual or fair value. It implies providing a price or figure that is lower than what is expected or deserved.
Similar spelling words for UNDERQUOTE
- undergo,
- underbodice,
- undershoot,
- underclothed,
- unmoderated,
- understood,
- under it,
- undergrowth,
- underslung,
- underwrite,
- underline,
- undercover,
- undershot,
- under control,
- undersell,
- understock,
- underbred,
- underpart,
- underwear,
- underbrush,
- undersize,
- underclothes,
- understate,
- underboss,
- under arms,
- undertow,
- undersea,
- underived,
- undergird,
- underscore,
- undergarment,
- undersoil,
- underlie,
- underrate,
- undertide,
- underseal,
- underfelt,
- undergrow,
- undermine,
- undercut,
- undertake,
- underbody,
- undercurrent,
- underwater,
- underdown,
- understated,
- underwood,
- undertone,
- undershrub,
- underfur,
- underwriter,
- undersurface,
- understudy,
- undercoated,
- underworld,
- underside,
- undercoat,
- underfed,
- underfoot,
- underage,
- underdog,
- underact,
- undereducated,
- underproduce,
- underdone.
Conjugate verb Underquote
CONDITIONAL
I
would underquote
you
would underquote
he/she/it
would underquote
we
would underquote
they
would underquote
CONDITIONAL CONTINUOUS
I
would be underquoting
you
would be underquoting
he/she/it
would be underquoting
we
would be underquoting
they
would be underquoting
CONDITIONAL PERFECT
I
would have underquote
you
would have underquote
he/she/it
would have underquote
we
would have underquote
they
would have underquote
CONDITIONAL PERFECT CONTINUOUS
I
would have been underquoting
you
would have been underquoting
he/she/it
would have been underquoting
we
would have been underquoting
they
would have been underquoting
FUTURE
I
will underquote
you
will underquote
he/she/it
will underquote
we
will underquote
they
will underquote
FUTURE CONTINUOUS
I
will be underquoting
you
will be underquoting
he/she/it
will be underquoting
we
will be underquoting
they
will be underquoting
FUTURE PERFECT
I
will have underquoted
you
will have underquoted
he/she/it
will have underquoted
we
will have underquoted
they
will have underquoted
FUTURE PERFECT CONTINUOUS
I
will have been underquoting
you
will have been underquoting
he/she/it
will have been underquoting
we
will have been underquoting
they
will have been underquoting
IMPERATIVE
you
underquote
we
let´s underquote
to underquote
PAST
I
underquoted
you
underquoted
he/she/it
underquoted
we
underquoted
they
underquoted
PAST CONTINUOUS
I
was underquoting
you
were underquoting
he/she/it
was underquoting
we
were underquoting
they
were underquoting
PAST PARTICIPLE
underquoted
PAST PERFECT
I
had underquoted
you
had underquoted
he/she/it
had underquoted
we
had underquoted
they
had underquoted
PAST PERFECT CONTINUOUS
I
had been underquoting
you
had been underquoting
he/she/it
had been underquoting
we
had been underquoting
they
had been underquoting
PRESENT
I
underquote
you
underquote
he/she/it
underquotes
we
underquote
they
underquote
PRESENT CONTINUOUS
I
am underquoting
you
are underquoting
he/she/it
is underquoting
we
are underquoting
they
are underquoting
PRESENT PARTICIPLE
underquoting
PRESENT PERFECT
I
have underquoted
you
have underquoted
he/she/it
has underquoted
we
have underquoted
they
have underquoted
PRESENT PERFECT CONTINUOUS
I
have been underquoting
you
have been underquoting
he/she/it
has been underquoting
we
have been underquoting
they
have been underquoting
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