adjective, cheaper, cheapest.
costing very little; relatively low in price; inexpensive: a cheap dress.
costing little labor or trouble: Words are cheap.
charging low prices: a very cheap store.
of little account; of small value; mean; shoddy: cheap conduct; cheap workmanship.
embarrassed; sheepish: He felt cheap about his mistake.
obtainable at a low rate of interest: when money is cheap.
of decreased value or purchasing power, as currency depreciated due to inflation.
stingy; miserly: He's too cheap to buy his own brother a cup of coffee.
at a low price; at small cost: He is willing to sell cheap.
cheap at twice the price, exceedingly inexpensive: I found this old chair for eight dollars—it would be cheap at twice the price.
on the cheap, Informal. inexpensively; economically: She enjoys traveling on the cheap.

before 900; Middle English cheep (short for phrases, as good cheep cheap, literally, good bargain), Old English cēap bargain, market, trade; cognate with German Kauf, Old Norse kaup; all < Latin caupō innkeeper, tradesman; see chapman

cheapish, adjective
cheapishly, adverb
cheaply, adverb
cheapness, noun
overcheap, adjective
overcheaply, adverb
overcheapness, noun
uncheaply, adverb

1, 4. Cheap, inexpensive agree in their suggestion of low cost. Cheap now usually suggests shoddiness, inferiority, showy imitation, complete unworthiness, and the like: a cheap kind of fur. Inexpensive emphasizes lowness of price (although more expensive than cheap ) and suggests that the value is fully equal to the cost: an inexpensive dress. It is often used as an evasion for the more specific cheap. 4. paltry, low, poor, inferior, base.

1. costly, dear, expensive. 8. generous, charitable. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
cheap (tʃiːp)
1.  costing relatively little; inexpensive; good value
2.  charging low prices: a cheap hairdresser
3.  of poor quality; shoddy: cheap furniture; cheap and nasty
4.  worth relatively little: promises are cheap
5.  not worthy of respect; vulgar
6.  ashamed; embarrassed: to feel cheap
7.  stingy; miserly
8.  informal mean; despicable: a cheap liar
9.  cheap as chips See chip
10.  informal dirt cheap extremely inexpensive
11.  informal (Brit) on the cheap at a low cost
12.  at very little cost
[Old English ceap barter, bargain, price, property; related to Old Norse kaup bargain, Old High German kouf trade, Latin caupō innkeeper]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

O.E. ceap (n.) "a purchase," from ceapian (v.) "trade," probably early Gmc. borrowing from L. caupo (gen. cauponis) "petty tradesman, huckster." Adj. sense of "that may be bought at small cost" first attested 1509, from god chep "favorable bargain," translation of Fr. a bon marche, a sense represented
in O.E. by undeor. Sense of "lightly esteemed, common" is from 1591. Expression on the cheap is first attested 1888.
Online Etymology Dictionary, © 2010 Douglas Harper
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