Underevaluation (Noun)
Meaning
An appraisal that underestimates the value of something.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The company's assets were subject to underevaluation by the auditor, resulting in a lower sale price than expected.
- The art collector's underevaluation of the painting led to a surprise when it sold for triple the estimated value at auction.
- The property's underevaluation by the tax assessor meant that the homeowner was paying lower taxes than they should have been.
- The underevaluation of the company's stock led to a surge in buying when the true value was finally revealed.
- The insurance company's underevaluation of the damaged property led to a lengthy dispute with the homeowner over the settlement amount.