Offer at lower price than tenderloin? (8)

I believe the answer is:

undercut

I believe this is a double definition.

'offer at lower price than' is the first definition.

'tenderloin?' is the second definition.
('undercut' can be a synonym of 'tenderloin')

(Other definitions for undercut that I've seen before include "Sell cheaper than the competition" , "produce relief" , "strike" , "Weaken, undermine" , "offered at low price" .)

I've seen this clue in The Times.

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