Meaning of the word low-priced in English

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

low-priced

US /loʊ praɪst/
UK /ləʊ praɪst/
"low-priced" picture

Adjective

costing little money; cheap

Example:
The store specializes in low-priced clothing for students.
They are looking for low-priced alternatives to expensive brands.