cut-price ˈcut-price also ˈcut-rate adjective [only before a noun]
1. selling products or services at extremely low prices:
• Britain's biggest cut-price supermarket chain
2. costing much less than other products of the same type:
• petrol stations selling cut-price petrol
• Families are snapping up cut-price holidays as travel agents slash the cost of trips to the sun.
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cut-price UK US /ˈkʌtˌpraɪs/ adjective [before noun] (also cut-rate)
► costing less than the usual price: »
cut-price bids/deals/offers
»cut-price cars/holidays/mortgages
► selling goods and services at less than the usual price: »
a cut-price airline/operator/retailer
»The City remains nervous about cut-price competition from supermarkets.
Financial and business terms. 2012.