Usually means: Paying less than the required amount.
Definitions Related words Phrases Mentions History
We found 13 dictionaries that define the word underpayment:

General (13 matching dictionaries)
  1. underpayment: Merriam-Webster
  2. underpayment: Oxford Learner's Dictionaries
  3. underpayment: Collins English Dictionary
  4. underpayment: Vocabulary.com
  5. Underpayment, underpayment: Wordnik
  6. underpayment: Wiktionary
  7. underpayment: Dictionary.com
  8. underpayment: Rhymezone
  9. underpayment: FreeDictionary.org
  10. underpayment: Mnemonic Dictionary
  11. underpayment: TheFreeDictionary.com

(Note: See underpay as well.)

Definitions from Wiktionary (underpayment)

noun:  An insufficient payment
noun:  The act of making such a payment
noun:  The amount by which a payment is insufficient

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