What does pennies on the dollar mean?

Question

I have always heard it in movies but they move on too fast for me to process it.

In: Other

Answer 1

These explanations are terrible. “Pennies on the dollar” means that, percentage wise, someone is getting a very low percent value (since the value of a single penny is 1% of a dollar).

For instance, if your boss is paying you pennies on the dollar, your boss is paying you a very low percent of the money you’re making him and keeping the rest.