Undercuts are the reductions in the price or value of something. Synonyms for undercuts include discounts, markdowns, reductions, cutbacks, and rebates. These terms all describe a reduction in cost, whether it be a sale, clearance item or special offer. Additionally, undercuts could also refer to undercutting in the context of business, which means offering lower prices than competitors in the market. Similar terms for undercutting in a business sense are underselling and price cutting. These words can help in expressing the idea of reducing or lowering prices in various contexts, helping you effectively communicate with others.