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What does underspent mean?

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

Verb
  1. simple past tense and past participle of underspend
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Examples
I notice that it significantly underspent its budget last year, even without the increased funding it now has.
The Council therefore felt that it could achieve a reduction by targeting some traditionally underspent budget lines.
Some staff lines were underspent because of vacant posts, as were some of the related programmes.
Some departments, including radiology, finance and surgery, underspent, which offset some of the higher costing areas.
Why, then, have universities and colleges, with a few exceptions, consistently underspent?
It acknowledges that the company underspent in previous years, but says it is committed to additional investment in the network.

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