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From Longman Dictionary of Contemporary English
Related topics: Trade
cut-priceˌcut-ˈprice (also cut-rate especially American English) adjective  1 CHEAPcut-price goods or services are cheaper than usual cut-price toys a travel operator offering cut-price deals2 BBTCHEAPa cut-price shop sells goods at reduced prices cut-price supermarkets
Examples from the Corpus
cut-priceRather than setting up their own discount arm, food retailers could simply sell cut-price brands in their superstores.Oxford felt like a transatlantic liner in the age of bucket shops and cut-price charters.By day, a long street in the Nipponbashi area is lined with cut-price electronics stores.Fruit is fairly inexpensive in Japan because they buy cut-price oranges and apples from South Africa.Or they can pick up cut-price plant and equipment, or computer systems.Tottenham Court Road is the best place for cut-price stereo equipment.For example, there is the restricted access to cut-price supermarket shopping that many disabled older people suffer from.
From Longman Business Dictionarycut-priceˈcut-price (also cut-rate) adjective [only before a noun]1selling products or services at extremely low pricesBritain’s biggest cut-price supermarket chain2costing much less than other products of the same typepetrol stations selling cut-price petrolFamilies are snapping up cut-price holidays as travel agents slash the cost of trips to the sun.
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