cut rate

a price, fare, or rate below the standard charge.

1880–85, Americanism

cut-rate, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Slang Dictionary

cut-rate definition

  1. mod.
    cheap; low-priced. : Where are your cut-rate sweaters?
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw-Hill Education.
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Example sentences
Hospitals and insurance carriers have reopened their contracts and cut rate increases, in some cases by more than half.
To further entice customers, they offer their product at cut rate prices.
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