Meaning of the word low-budget in English

What does low-budget mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

low-budget

US /loʊ ˈbʌdʒ.ɪt/
UK /ləʊ ˈbʌdʒ.ɪt/
"low-budget" picture

Adjective

made or done with a small amount of money

Example:
They produced a low-budget horror movie that became a cult classic.
We had to settle for a low-budget hotel for our vacation.