Definition, Meaning & Synonyms
underspent
verb
/ˌʌndərˈspɛnt/
Definition
Spent less than was allocated or budgeted.
Examples
- The project was underspent due to unforeseen circumstances, leaving some funds available for future use.
- After reviewing the budget, the committee discovered that they had underspent on marketing costs this quarter.
- Despite the underspent budget, the team achieved their goals effectively.
Meaning
To have used a smaller amount of money than was authorized or planned, often in the context of a budget or funds that were meant to be spent.
Synonyms
- Underutilized
- Unspent
- Wasted funds
