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Definition of El cheapo
1. Noun. (slang often capitalized) A mock-honorific title given to a particular person who is stingy. ¹
2. Noun. (slang) A person who is stingy; a cheapskate. ¹
3. Adjective. (slang) Cheap; inexpensive; of low quality. ¹
¹ Source: wiktionary.com