Figure of speech like "no mean feat"

• Understatement for effect
• Understatement for rhetorical effect (especially when expressing an affirmative by negating its contrary)
• Little child in stories making understatement
• Figure of speech like "not unlike"
• "Not too bad" for "very good"
• Literary understatement

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Meiosis \Mei*o"sis\ (m[-i]*[=o]"s[i^]s), n. [NL., fr. Gr. mei`wsis, fr. meioy^n to make smaller, from mei`wn. See Meionite .] (Rhet.) Diminution; a species of hyperbole, representing a thing as being less than it really is; understatement; see also litotes ...

Wiktionary Word definitions in Wiktionary
n. (context rhetoric English) A figure of speech in which the speaker emphasizes the magnitude of a statement by denying its opposite; a figure of speech in which understatement is used with negation to express a positive attribute; a form of irony

Douglas Harper's Etymology Dictionary Word definitions in Douglas Harper's Etymology Dictionary
rhetorical figure in which an affirmative is expressed by the negative of its opposite, from Greek litotes , literally "plainness, simplicity," from litos "smooth, plain, small, meager," from PIE root *(s)lei- "slimy, sticky, slippery" (hence "smooth"); ...