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undercut (v.)
late 14c., "to cut down or off," from under + cut (v.). In the commercial sense of "sell at lower prices" (or work at lower wages) it is first attested 1884. Figurative sense of "render unstable, undermine" is recorded from 1955, from earlier literal meaning "cut so as to leave the upper portion larger than the lower" (1874).
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Definitions of undercut from WordNet
Dictionary entries near undercut
underclass
underclassman
undercover
undercroft
undercurrent
undercut
underdeveloped
underdog
underdone
underdressed
under-employed