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The phrase "a derisory" is correct and usable in written English.
It is typically used to describe something that is laughably inadequate or insufficient, often in a dismissive context.
Example: "The company's offer was a derisory sum compared to the market value of the property."
Alternatives: "a laughable" or "a paltry".
Exact(59)
Zubia wore a derisory expression.
He stood for Parliament and received a derisory vote.
Between them, these parties won a derisory two MPs.
She is believed to have got a derisory $300m.
Only 14 bids, with the winner paying a derisory £67.50.
After seven years he is awarded a derisory amount.
Shareholders in Argentaria are being offered a derisory sum for control of their bank.
I had made my contribution but it was a derisory amount.
FCC refused and offered me a derisory £10 as a goodwill gesture.
But when he changed the car after five years, he was offered a derisory £50.
And I mean that in no way, in a derisory way, to Mr. McMahon.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com