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understatement 

1. expressing with restraint or lack of emphasis, usually used for an ironic' or rhetorical effect.

2.basically a figure of speech that writers use to subtly make a situation less important or serious than it really is.
Saying "We've had a little rain," when the neighborhood is flooded. Now that is an understatement.

The last line of Frost's "Birches" illustrates understatement: "One could do worse than be a swinger of birches."

understatement 

to state to weakly, or without emphasis
To say George W. Bush is a bad president would be an understatement
understatement by Garrett San February 19, 2008

understatement of the century 

something said that states the obvious, often falling short of the truth.
guy 1: Bush was a sucky president.
guy 2: That's the understatement of the century.

Understandment 

Typing understanding but your brain doesn't work so it comes out as "Understandment"
Yes I heard what you said I apologize Harry's mother I didn't mean to offend anyone and I hope we can make an understandment

understatement 

To say that such phrase or sentence is not well defined and/or weak in its own definition
Person A: I think Richard Simmons is gay.

Person B: That's an understatement.

Understandment 

Understanding someone in a type of way that makes you try to understand it again.
Skeppy: "I need some understandment of what we are doing"
MegaPVP: "We are doing a 1v1"
Understandment by AutoHCF May 21, 2020