underpayment

American  

[uhn-der-pay-muhnt] / ˌʌn dərˈpeɪ mənt /

noun

plural

underpayments

1. the act of paying less than is required or owed.

2. a payment which is lower than the money required or owed.

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Example Sentences

The court ruled that in addition to owing back taxes and interest, Pesarik owed an accuracy penalty of 20% of his tax underpayment.

From The Wall Street Journal

If your employer doesn’t withhold enough, you might owe taxes with your tax return and an underpayment penalty.

From The Wall Street Journal

All the employers named on DBT's list were fined up to double the total amount they owed to staff, some for underpayments dating as far back as 2013.

From BBC

According to the nonprofit Department of Angels, 70% of the roughly 2,000 insured Eaton and Palisades fire survivors who were surveyed said delays, denials and underpayments are “actively derailing recovery.”

From Los Angeles Times

Licences were revoked for breaking rules including failing to provide promised work and underpayment, and helping people to circumvent immigration rules.

From BBC