When I hear money laundry lingo in TV crime-series, people sometimes fence stuff for so and so much "on the dollar". What does it actually mean? And where does the expression originate from?
Learn English – What does it mean to “pay X on the dollar”
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Best Answer
It means that you are paying a price of 'X' for every dollar it is worth.
For example, if you are buying a refrigerator worth $100 for $60, you are paying at 60 cents on a dollar.
This expression can be used when something is sold at a premium too. Like, someone can sell you a stock at $1.50 on a dollar.
The use of this phrase can help people calculate profit or loss percentage pretty fast. I guess that could be the origin of the expression too.