One of the mysteries of the English language finally explained.
1(of a course or event) having more places available than applications.‘science courses continue to be undersubscribed in our universities’‘the seminar was embarrassingly undersubscribed’
- ‘In over 70 sessions on business there are no more than half a dozen in and around this territory - and they tend to be undersubscribed.’
- ‘There are other schools within a 10-mile bus ride that are undersubscribed.’
- ‘Schools that are undersubscribed year after year should be closed down or reconstituted.’
- 1.1 (of a share issue) having fewer applications for shares than there are shares available.‘flotation of the company's shares has been largely undersubscribed’
- ‘Thirdly, if a bank agrees to underwrite an issue of securities, it commits itself to take them up in the event that the issue is undersubscribed.’
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