Entry 5 senses · 4 variants Webster, 1913 Cheap /(chēp)/ · IPA /t͡ʃiːp/ n. a. adv. v. i. 01 n. A bargain; a purchase; cheapness. 1. A bargain; a purchase; cheapness.[Obs.] “The sack that thou hast drunk me would have bought me lights as good cheap at the dearest chandler's in Europe.” — Shak. 02 a. Having a low price in market; of small cost or price, as compared with the usual price or the real value. 1. Having a low price in market; of small cost or price, as compared with the usual price or the real value. “Where there are a great sellers to a few buyers, there the thing to be sold will be cheap.” — Locke. 2. Of comparatively small value; common; mean. “You grow cheap in every subject's eye.” — Dryden. Phrases & compounds Dog cheap — very cheap, -- a phrase formed probably by the catachrestical transposition of good cheap. [Colloq.]<-- = dirt cheap?--> 03 adv. Cheaply. 1. Cheaply. 04 v. i. To buy; to bargain. 1. To buy; to bargain.[Obs.]