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English definition of “cheap rate”

cheap rate

noun [C]    
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 cheap-rate callsCosting or worth little or no money
(Definition of cheap rate noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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