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What does the phrase 'pennies on the dollar' mean?

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A couple of pennies on the dollar can technically mean 2%. Although the term is not completely accurate, I have heard this expression also used to describe “basis points” which is 1% of 1%. My company buys debt for pennies on the dollar. read more

Best Answer: It means "very little" or "below value" If a purse was $100 and you bought it on sale for $40 then you could say you got it for "pennies on the dollar." Meaning that you only paid 40 cents of every dollar for it. read more

For example, if you are buying a refrigerator worth $100 for $60, you are paying at 60 cents on a dollar. This expression can be used when something is sold at a premium too. Like, someone can sell you a stock at $1.50 on a dollar. The use of this phrase can help people calculate profit or loss percentage pretty fast. read more

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What Does E Pluribus Unum Mean?
Source: thespruce.com

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