1. A slang/street reference to a trick/date/ho/significant other, that does not require large sums of cash or continuous finanical expenditures to retain their interest. This individual is low maintenance fiscally speaking.
2. A slang/street reference to a ho that is of a lower caliber - whether that be in looks, attire, number of stds, or overall performance - thus making her cheap. This term can also be used for females who are more promiscuous than expected.
"Man, my new girl is a cheap ho. All I have to do is buy her some Popeyes and we straight be gettin it on".
"I would never mess around with that skank again, she's a cheap ho fo' sho.
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