lite

adj

1. (not-comparable, postpositional, usually)Abridged or lesser; being a simpler or unpaid version of a product.
2. (not-comparable)Light in composition, notably low in fat, calories etc. Most commonly used commercially.

   “His lite dinner consisted of crackers, some broccoli and a salad with lite ranch dressing.”

3. (not-comparable)Lightweight
4. (alt-of, informal, not-comparable)Informal spelling of light.

   “My favorite color is lite blue!”

5. (not-comparable, postpositional, usually)Lacking substance or seriousness; watered down.

   “this compromise bill is reform lite. It is both more palatable to nursing home owners and less protective of elderly patients”

   “If there is a difference between doing this to a child and engaging in old-fashioned punishment, it is at best a quantitative rather than a qualitative difference. What Dreikurs and his followers are selling is Punishment Lite.”

   “The analysis bolsters claims by the Tories that markets will not wait patiently as Britain draws up leisurely plans for austerity-lite”

6. (British, dialectal)few; little

noun

1. (alt-of, archaic)Archaic form of light (“window or aperture in a building”).
2. A window pane
3. (British, dialectal, uncountable)A little, bit.
4. (British, dialectal)The act of waiting; a wait.

verb

1. (British, dialectal)To expect; wait.
2. (British, dialectal)To rely.