Definition & Meaning of "cheapskate"in English

What is the origin of the term "cheapskate" and how is it used?

"Cheapskate" is an English slang term that appeared in the early 20th century, likely in the United States. It combines "cheap," meaning unwilling to spend money, with "skate," possibly implying someone who slips away from responsibility or generosity. The term is used to describe a person who is stingy, miserly, or reluctant to spend or share money. It appears in informal, everyday speech, often teasingly or critically. The term is mildly derogatory but not vulgar, generally seen as a light insult rather than a severe or offensive attack.