disapproval If you describe someone as cheap, you are criticizing them for being unwilling to spend money. Oh, please, Dad, just this once don't be cheap. = mean
If you describe goods as cheap, you mean they cost less money than similar products but their quality is poor. Don't resort to cheap copies; save up for the real thing. a tight suit made of some cheap material. = shoddy
a financial instrument that is low in price; an option that is low in implied volatility
Goods or services that are cheap cost less money than usual or than you expected. Smoke detectors are cheap and easy to put up Running costs are coming down because of cheaper fuel They served breakfast all day and sold it cheap. expensive, dear + cheaply cheap·ly It will produce electricity more cheaply than a nuclear plant. + cheapness cheap·ness The cheapness and simplicity of the design makes it ideal for our task
disapproval If you describe someone's remarks or actions as cheap, you mean that they are unkindly or insincerely using a situation to benefit themselves or to harm someone else. These tests will inevitably be used by politicians to make cheap political points
Having a low price in market; of small cost or price, as compared with the usual price or the real value