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What does underexaggerate mean?

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

Verb
  1. (rare) To understate.
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Examples
Without the services of a qualified polygrapher, the defendant will almost always underexaggerate or lie about his or others' involvement in the conspiracy.
Academics tend to be very sceptical of oil forecasts made by the major oil companies as they underexaggerate the probable amounts of oil in the world.

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