What does "pennies on the dollar" mean?

It means "very little" or "below value"

If a purse was $100 and you bought it on sale for $40 then you could say you got it for "pennies on the dollar." Meaning that you only paid 40 cents of every dollar for it.

Pennies On The Dollar

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It is a way of saying that you are buying something on discount. For instance, if you get an item for 40 cents on the dollar, it implies that for every dollar that the item is worth you are only paying 40 cents. So if something would normally cost $10, you would pay $4. Hope that helps.

Like the number of pennies for each dollar, or what percentage, you can expect to pay.

The phrase refers to valuing assets for less than the face or par value of the asset.

Lets say you invested $100 in Lehman Brothers' bonds. Lehman Brothers' filed for bankruptcy but still owes you $100 for the bond. In bankruptcy court, the presiding judge declares that you will receive $.05 cents on the dollar. So for every dollar of your investment, you will only get back $.05. Your $100 bond is only worth $5.

a small percentage

If someone says-I bought it for pennies on the dollar-they mean they bought it for a small percentage of what it's true worth or original price was.

it roughly means that you are getting something cheaper than what it is worth. or that you are paying less that what you are supposed to pay. for example there are commercials that advertise we can repay your debt for pennies on the dollar.

Pay a lower cost for an otherwise high ticket purchase. Discounted stocks for instance.