Obsolete term for low price; not used in modern Japanese. Replaced by 安い or 廉価.
In old documents, it is written as '廉なる品' (inexpensive goods).
He was known for his upright character.
清廉 is the modern word for moral purity or integrity; 廉 alone is an obsolete term with the same meaning.
廉価 is the modern compound still used to mean 'low-priced'; 廉 alone is an obsolete word with the same meaning.
潔白 describes being morally clean or innocent, a modern equivalent to 廉's obsolete sense of 'pure, honest'.
low price; inexpensive
honest; upright; incorruptible
cheap; inexpensive; low-priced
bargain sale; selling at a low price
sense of honor; integrity; moral sense
The kanji 廉 historically carried meanings of 'cheap' and 'upright', but the standalone word れん is obsolete. The exact derivation is uncertain; the kanji is conventionally associated with these meanings.