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Noun: cut rate  kút reyt
Usage: N. Amer (elsewhere: cut price)
  1. A price below the standard price
    "The store offered cut rates on last season's fashions";
    - bargain rate, cheapness, cut price
Adjective: cut-rate  'kút'reyt
Usage: N. Amer (elsewhere: cut-price)
  1. Costing less than standard price
    "cut-rate goods";
    - bargain-priced, cut-price [Brit]

Derived forms: cut rates

See also: budget, cheap, inexpensive

Type of: inexpensiveness