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Douglas Harper's Etymology Dictionary
low-budget

1939, originally of motion pictures; from low (adj.) + budget (n.).

Wiktionary
low-budget

a. (context of a project such as a film English) Achieved with a relatively small financial outlay

WordNet
low-budget

adj. made on or suited to a limited budget; "a low-budget movie"; "a low-budget menu"

Usage examples of "low-budget".

The bulletin boards, the great sink of the BBS where all the lines of data eventually meet and merge and pool into a sink of slow transfer, limited nodes, and low-budget users, are in upheaval.

Haniver swinging above it like a low-budget moon, scorched and listing, veering drunkenly in the updraughts from the burning buildings.

How can I tell Dad that the lives of Sarah, Howie, Alanna and Gordon Brunswick had devolved into a low-budget 1970s sex comedy with an aerospace theme.

Low-budget celluloid horror films created ambiguity and possible elision by putting ?

All these old sober Boston blue-collar men's irrevocable tattoos fading almost observably under the low-budget fluorescence of church basements and hospital auditoria Ewell watched and charted and cross-referenced them, moved.

The rite of the low-budget shot-in-Europe spy series, the rite of pugilism, the rite of the dog walk after dinner and the beer at the bar with cocelebrant worshippers at the high altar of Nothing.

Picking someone up after midnight at the Ritz in Buckhead and taking him to a low-budget motel by the baseball stadium didn’t make a lot of sense, but as long as the guy paid, he could care less what was going on.

Like a low-budget horror film, Sherman's work revels in its tongue-in-cheek sensationalism, its ostentatious phoniness, its use of gross and sleazy special effects.

The water around the boat has begun to emit a kind of dreadful, sickly light, like radiation in a low-budget horror film.

And with the help of multiple websites, good publicity from its distributor, Artisan (who also handled last year's low-budget si sensation Pi), and a mockumentary on the mockumentary, "The Curse of the Blair Witch," which ran -- repeatedly -- on the Sci-Fi Channel, the buzz kept building.

Beside the bar, he ran a pro wrestling and roller derby school, and shot low-budget porno movies in the warehouse.