cheap

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Cheap

Of or related to the low cost of a good, service, or security. Cheapness is determined by comparing the cost to similar goods, services, and securities. Cheapness is also related to one's ability to buy: what seems cheap to one person may seem expensive to another. Cheapness may, but does not always, indicate a low quality in the good, service, or security.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

cheap

Of, relating to, or being a security that sells at a market price below what is expected given fundamental factors such as earnings, assets, and management ability. Determining whether a security is cheap is a subjective judgment. Compare expensive.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.