CUT RATE

(1) {n.} A lower price; a price less than usual. * /Toys are on sale at the store for cut rates./ (2) {adj.} Sold for a price lower than usual; selling cheap things. * /If you buy cut-rate things, be sure they are good quality first./ * /John's brother bought a cut-rate bicycle at the second-hand store./ * /There is a cut-rate drug-store on the corner./