cut-rate vs cut-price

cut-rate and cut-price both are adjectives.

Word	Noun	Adjective	Verb	Adverb
cut-rate	No	Yes	No	No
cut-price	No	Yes	No	No

As adjectives, cut-rate and cut-price are synonyms defined as:

Other synonyms of cut-rate include bargain-priced.

cut-rate (adjective)	cut-price (adjective)
costing less than standard price	costing less than standard price