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English definition of “cut-price”

cut-price

adjective [before noun]     /ˈkʌtˌpraɪs/ (also cut-rate)
costing less than the usual price: cut-price bids/deals/offers cut-price cars/holidays/mortgages
selling goods and services at less than the usual price: a cut-price airline/operator/retailer The City remains nervous about cut-price competition from supermarkets.
(Definition of cut-price adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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