low-priced : Often confounded with cheap. A thing is cheap when its price is low compared with its intrinsic worth, it is low-priced when but little is paid or asked for it. A low-priced article may be dear ; a cheap article may not be low-priced ; as, “One horse was low-priced (he paid only $50 for it), and it was dear at that price; the other cost him $500, but was cheap at that price.”