cut-rate

adjective ! Definition from Wiktionary (CC BY-SA). More about cut-rate at Wordnik → Where our words come from →

1. Offered for sale or rent at a lower than usual rate.

   Sometimes cut-rate airfares are available because the seat would otherwise go empty.

2. Cheaply made.

   For this jobsite, we'll have none of those shoddy, cut-rate materials, please. Send us the good stuff for this job.