Cryptocurrency Q&A What does 60 cents on the dollar mean?

What does 60 cents on the dollar mean?

DigitalLegend DigitalLegend Thu Nov 07 2024 | 5 answers 944
I heard someone use the expression '60 cents on the dollar' and I'm not sure what it means. Can someone explain this phrase to me in simple terms? I want to understand how it's used in a financial or general context. What does 60 cents on the dollar mean?

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