Cut rate and Second-rate

Cut rate noun - A price below the standard price.

Second-rate and cut rate are semantically related. in reduced topic. In some cases you can use "Second-rate" instead an adjective phrase "Cut rate".

Second-rate adjective - Of average to below average quality.

Cut rate and second-rate are semantically related. Sometimes you can replace phrase "Cut rate" with "Second-rate", this phrases are similar.