Despite the façade of a simple Germanic word, the term cheap has undergone some serious alterations. In Middle English it took the forms of cheep, chepe, chepen, ceapien, chep, and chapien. Meanwhile, the semantics were changing as well. Moving backward, it went from meaning “low-priced goods” to “a bargain” to “purchasing” in general to a “market”, where purchases were made. So, etymologically speaking, if you were to purchase cheap goods at a market, you could cheap cheap cheap at a cheap. Eventually, this hodgepodge came from Old English ceapian (“to buy”, worsening the mess), and that derives from Proto-Germanic kaupona, also “to buy”. Then, things get linguistically confusing also. Most Proto-Germanic words just go straight back to Proto-Indo-European, but this one is from Latin caupus, an “innkeeper”, which maybe from Pre-Mediterranean.
Hello! I'm Adam Aleksic. This year, I graduated from Harvard University with a degree in Government and Linguistics. There, I co-founded the Harvard Undergraduate Linguistics Society and wrote a thesis on Serbo-Croatian language policy, magna cum laude. In addition to etymology, I also really enjoy philosophy, trivia, vexillology, geography, board games, conlanging, art history, and law.