2 definitions found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Understatement \Un"der*state`ment\, n.
The act of understating, or the condition of being
understated; that which is understated; a statement below the
truth.
From WordNet r 1.6 [wn]:
understatement
n : a statement that is restrained in ironic contrast to what
might have been said [ant: {exaggeration}]
more about understatement
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