Dictionary Home » The American Heritage Dictionary of Business Terms » cheap

cheap

cheap definition - business

cheap

Of, relating to, or being an asset that sells at a market price below what is expected given fundamental factors such as income-producing potential and resale value. Determining whether an asset is cheap is a subjective judgment. Compare expensive.
Of, relating to, or being a good or service that sells at a price below the price being charged for similar goods or services.
Of or describing a good of inferior quality.