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English definition of “cheap rate”

cheap rate

noun [C] uk   us  
the amount charged for a service that is lower than usual because there is not so much demand for the service at that time: Cheap rate for overseas phone calls is from 8 p.m. to 8 a.m.Costing or worth little or no money
cheap-rate
adjective uk   us  
cheap-rate callsCosting or worth little or no money
(Definition of cheap rate from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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