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cut rate

cut rate (1) {n.}

A lower price; a price less than usual.

Toys are on sale at the store for cut rates.

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Source: A Dictionary of American Idioms

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[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 Dictionary of American Idioms

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