Undercut n. : The lower or under side of a sirloin of beef; the fillet.

Undercut v. t. : To cut away, as the side of an object, so as to leave an overhanging portion.

Example:
How much can I Undercut the bank on a bank owned property?

Taxonomy
undercut, intr, contour, geology, Dictionary, ball, slice, portion, cortar, pelota, cuts, province, effectiveness, celebration, opulence, tooth cavity, Translations, Sports.

Defination from the web:
undercut ( ) v. , -cut , -cutting , -cuts . v.tr. To diminish or destroy the province or effectiveness of; undermine: 'This celebration of opulence ... "The partnership between the United States and Western Europe is undercut by diverging economic interests" (Scott Sullivan) ...