Entry 2 senses Webster, 1913 Cheapen /chēp'-ən/ · Cheap·en · IPA /ˈtʃiːpən/ 01 v. t. To ask the price of; to bid, bargain, or chaffer for. imp. & p. p. Cheapened; p. pr. & vb. n. Cheapening 1. To ask the price of; to bid, bargain, or chaffer for.[Obsoles.] “Pretend to cheapen goods, but nothing buy.” — Swift. 2. To beat down the price of; to lessen the value of; to depreciate. “My proffered love has cheapened me.” — Dryden.