Crossword Genius

Subject to update from bank? That’s putting it mildly (14)

Ross

I believe the answer is:

understatement

'that's putting it mildly' is the definition.
(understating things or putting them mildly)

'subject to update from bank?' is the wordplay.
'subject to' becomes 'under' (being subject to a law is being under it).
'update from bank?' becomes 'statement' (a bank statement).
'under'+'statement'='UNDERSTATEMENT'

(Other definitions for understatement that I've seen before include "Very modest account" , "The downplaying of something" , "Litotes for instance" , "Meiosis or litotes" , "Opposite of exaggeration" .)

I've seen this clue in The Times.
Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.