Definition of "underbilling" [underbilling]

• Present participle of underbill. (verb)

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• "Thrift immediately ordered new caps with neutral gray underbilling for his Academy players."
• "New automated meters caused overbilling and underbilling errors for 3,400 Virginia Natural Gas customers."
• "The only way that Overstock. com could recognize income from underbilling its fulfillment partners in future accounting periods is if there was a "significant uncertainty as to collection" of all underbilled amounts (See SFAS No. 5 paragraph 23)"