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What does el cheapo mean?

Looking for the meaning or definition of the word el cheapo? Here's what it means.

Noun
  1. (slang, often capitalized) A mock-honorific title given to a particular person who is stingy.
  2. (slang) A person who is stingy; a cheapskate.
Adjective
  1. (slang) Cheap; inexpensive; of low quality.
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