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What does underpayment mean?

Looking for the meaning or definition of the word underpayment? Here's what it means.

Noun
  1. An insufficient payment
  2. The act of making such a payment
  3. The amount by which a payment is insufficient
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Examples
Absolute errors-The total dollar value of overpayment errors added to the total dollar value of underpayment errors.
Similarly, and underpayment of salary in lieu of notice would constitute a wrongful termination and have the same effect.
If not, are we not then being forced into a position of accepting child labour and underpayment?
However, the risk of an underpayment to the producer does not trigger a similarly detailed review.
For supplies made on or before April 23, 1996, the existing rules apply to determine if there was an underpayment of tax.
The audit team expected to find adequate internal controls in place to help compensation staffs discover underpayment and overpayment situations.

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