- cheap
- Colloquialism implying that a commodity is underpriced. Chicago Board of Trade glossary
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cheap cheap [tʆiːp] adjective1. not costing very much to buy:• At least the accommodation and food are cheap.
• Buyers got their orders in while shares were relatively cheap.
• the introduction of special cheap fares to France
2. COMMERCE not costing very much to produce, use, or employ:• the prospect of obtaining cheap electricity from sunlight
• These taxes are cheap to administer.
— cheaply adverb :• Pork is priced cheaply in relation to beef.
• China is keen to buy metals cheaply.
3. on the cheap if work is done on the cheap, it is done for less money than you would expect and may not be done very well:• Much of the building work was done on the cheap, using materials salvaged from old buildings.
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Rich and Cheap refer to the pricing of a security in the primary market, relative to comparable existing securities in the secondary market. It is measured using standard deviation. A new issue is considered to be cheap if it is inexpensive compared to the rest of the market.► See also Standard Deviation, Secondary Market.* * *
Ⅰ.cheap UK US /tʃiːp/ adjective► costing little money or less than is usual or expected: »I got a cheap flight at the last minute.
»Food is usually cheaper in supermarkets.
»During times of mass unemployment, there's a pool of cheap labour for employers to draw from.
► if a store, restaurant, etc. is cheap, it charges low prices: »This is the cheapest office supplies store in the city.
► low in quality and low in price: »He bought some cheap shoes that fell apart after a couple of months.
► US DISAPPROVING (UK mean) unwilling to spend money: »He's so cheap we didn't get a pay raise this year.
Ⅱ.cheap UK US /tʃiːp/ adverb► for little money, or for less than is usual: buy/sell sth cheap »I bought it cheap from an internet auction site.
Financial and business terms. 2012.
