ˌcut-ˈprice (also ˌcut-ˈrate especially American English) adjective

1. cut-price goods or services are cheaper than usual:
cut-price toys
a travel operator offering cut-price deals

2. a cut-price shop sells goods at reduced prices:
cut-price supermarkets

[TahlilGaran] Dictionary of Contemporary English ▲

cut-rate
a price that is lower than usual
We went to a cut-rate furniture store to buy some new furniture for our apartment.

[TahlilGaran] English Idioms Dictionary ▲

cut rate(1)
n. A lower price; a price less than usual.
Toys are on sale at the store for cut rates.

[TahlilGaran] English Idioms Dictionary ▲

cut-rate(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.

[TahlilGaran] English Idioms Dictionary ▲