Cryptocurrency Q&A
What does 49 cents on the dollar mean?
What does 49 cents on the dollar mean?
benjamin_brown_entrepreneur
Thu Nov 07 2024
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7 answers
1135
I heard the term '49 cents on the dollar' and I'm not sure what it means. Is it a discount? Or does it have another financial implication? I'd like to understand this expression.
7 answers
GeishaMelodious
Sat Nov 09 2024
This expression implies that the cost is merely a fraction of its original or market value.
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CryptoWizardry
Sat Nov 09 2024
In financial contexts, the term has a specific meaning.
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Riccardo
Sat Nov 09 2024
It signifies acquiring an asset, such as a property, for a small percentage of its true worth.
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Gianluca
Sat Nov 09 2024
This can occur in various scenarios, including foreclosures, auctions, or distressed sales.
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WhisperEcho
Sat Nov 09 2024
The phrase "cents on the dollar" is commonly used to describe a situation where an item is purchased at a reduced price.
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