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Better or more important than most people…. Better or more important than most people believe: Underrated synonyms, underrated pronunciation, underrated translation, english dictionary definition of underrated. How to use underrated in a sentence. Definition of underrated underrated in british english (ˌʌndəˈreɪtɪd ) adjective underestimated Underrated is an adjective, but is … The meaning of underrated is rated or valued too low. If you call something underrated, it means you think the general opinion about it is lower than it should be.