From Longman Dictionary of Contemporary Englishlitelite /laɪt/ adjective 1 [usually before noun] especially American EnglishDFD used in the names of some food or drink products to mean that they have fewer calories or less fat than other similar products lite beer2 [only after noun] informal not as serious as the real thing, or less extreme Some people see cohabiting as marriage lite. Socialism is communism lite.
Examples from the Corpus
lite• lite sour creamFrom Longman Business DictionaryLiteLite /laɪt/ (also lite) adjective used in the name of some food and drink products that have less fat or fewer calories than similar productsa pot of Lite YogurtOrigin lite (1900-2000) → LIGHT2 