Pronunciation: (un"dur-stood'), [key]
pt. and pp. of understand.
1. agreed upon; known in advance; assented to: It is the understood policy of this establishment to limit credit.
2. implied but not stated; left unexpressed: The understood meaning of a danger sign is “Do not approach.”
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.