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What does cut-rate mean?

Looking for the meaning or definition of the word cut-rate? Here's what it means.

Adjective
  1. Offered for sale or rent at a lower than usual rate
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Examples
And even though a flood of rebates and cut-rate financing offers are helping Detroit move inventory, they're coming at a huge cost.
From there, he hopes to launch an internet-based business, offering services at cut-rate prices to British firms.
Using that tort settlement, the big brands have hampered tiny cut-rate rivals and raised prices with near impunity.
The vouchers allowed the bearer to buy Iraqi oil at cut-rate prices and could be sold for a profit.
I found it on some cut-rate dance compilation borrowed from a friend, and was knocked out like I'd been hit in the gut while playing dodgeball.
Drugs are being sold at cut-rate prices, without any thought to profit or effect on the market.

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