I have always heard it in movies but they move on too fast for me to process it.
In: Other
If something you own is worth $100 and someone offers to buy it for $2. They are offering you 2 pennies per dollar of its worth.
You have 10k worth of medical debt that is sold from the original Healthcare provider to a collection company for 1k. That collection company purchased the debt for pennies on the dollar with hopes to get you to settle the debt for 2k, making them money.
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