cheapie

/CH IY1 P IY0/
noun
  1. 1

    An item which is inexpensive.

  2. 2

    An item of poor quality.

  3. 3

    A person who is stingy, a cheapskate.

adjective
  1. 1

    Cheap; inferior.

Source: https://en.wiktionary.org/wiki/cheapie