Reduced-price events (5)
I believe the answer is:
sales
'reduced-price events' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for sales that I've seen before include "Business department - retail events" , "Marketing" , "Cheap offer periods" , "Income received for goods and services over a given period" , "a feature of Boxing Day?" .)