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OXFORD DICTIONARY

underspend

Verb (usu participle)

un=der=spend

WORDNET DICTIONARY

underspend(v = verb.possession) Array - spend less than the whole of (a budget, for example); Array

Antonym: overspend

Sample sentence:
Somebody ----s something

underspend(v = verb.possession) Array - spend at less than the normal rate; Array

Antonym: overspend

Sample sentence:
Somebody ----s

underspend, v. t.

To spend less than. [1913 Webster]

underspend, v. (past and past part. -spent)
1 tr. spend less than (a specified amount).
2 intr. & refl. spend too little.

For further exploring for "underspend" in Webster Dictionary Online