Simple past tense and past participle of underplay.(verb)
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Use "underplayed" in a sentence
"The reason it’s underplayed is because it will be the most intractable of part of the energy question."
"Alyssa Mastromonaco: Mastromonaco rose to prominence in the 2008 campaign as Obama's director of scheduling and advance - a title that underplayed the power and influence she had on the team."
"I suppose it can't be an "underplayed" story if it was on A1, but I'm still a little surprised this didn't stir up more discussion today:"