cut-rate sale is a noun meaning "an occasion (usually brief) for buying at specially reduced prices". It carries one recorded sense.
an occasion (usually brief) for buying at specially reduced prices
“they held a sale to reduce their inventory”
“I got some great bargains at their annual sale”
Definitions, synonyms and semantic relations for cut-rate sale come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.