noun a word that represents a person, place, thing, or idea
preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence
article a word that is used to specify or limit a noun
Refers to purchasing something for a very low price, often in reference to debt or distressed assets
Frequently used to describe the amount creditors may receive in bankruptcy cases
Describes the process of settling a debt for a fraction of the original amount owed
Commonly used when discussing buying properties at a steep discount
Refers to selling off assets at a heavily discounted price
In the publishing industry, writers may receive pennies on the dollar in royalties for their books, especially if they are not best-selling authors.
Some psychologists may charge clients pennies on the dollar for their services if they offer sliding scale fees based on income.
Real estate agents may negotiate deals where the buyer purchases a property for pennies on the dollar of its actual value, typically through foreclosure auctions or distressed sales.
A financial analyst may advise clients to invest in stocks that are trading at pennies on the dollar, meaning they are undervalued and have the potential for high returns.