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Meaning of undercompensate

un•der•com•pen•sate

Pronunciation: (un"dur-kom'pun-sāt"), [key]
— -sat•ed, -sat•ing.
  1. to compensate or pay less than is fair, customary, or expected.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.