Words / U / Business

understatement

noun/ˌʌndəˈsteɪtmənt/

B1CEFR level
20/100Rarity: fairly common
TechnicalRegister

The reporting of a figure at less than its true amount.

Deferring invoices into January produced a deliberate understatement of December sales.

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting