Definition of "undercapitalized"

You will recall that it [OUT magazine] appeared at irregular intervals. The reason for this was that the magazine was undercapitalised. In fact, it really had no capital at all and had a "hand to mouth" existence. An issue could not come out until all the proceeds of the previous issue, from sales, advertising, etc., were collected.

1990 April 7, 9, “Irish Gay Mag To Begin Publication”, in Gay Community News, page 9

"The problem with all these insurance schemes ... they're all massively undercapitalized, especially given the situation," Velk said.

2009 February 7, RITA TRICHUR, “Province urged to hike deposit insurance”, in Toronto Star‎