Definition, Meaning & Synonyms
underspend
verb
/ˈʌndərˌspɛnd/
Definition
To spend less than a budgeted amount.
Examples
- The department decided to underspend this quarter to save for future projects.
- By choosing to underspend, they were able to reallocate funds to areas that needed more investment.
Meaning
Underspending occurs when the actual expenditure is lower than originally planned or allocated in a financial budget.
Synonyms
- Save
- Economize
- Conserve
- Reduce spending
