penny

1 of 2

noun

pen·​ny ˈpe-nē 

plural pennies ˈpe-nēz  or pence ˈpen(t)s 

often attributive

1

a

: a monetary unit of the United Kingdom formerly equal to ¹/₂₄₀ pound but now equal to ¹/₁₀₀ pound

b

: a similar monetary unit of any of various other countries in or formerly in the Commonwealth of Nations see pound at Money Table

c

: a coin representing one penny

2

: denarius

3

plural pennies : cent

4

: a former monetary unit equal to ¹/₁₀₀ Irish pound

5

: a trivial amount

6

: a piece or sum of money

that will cost a pretty penny

-penny

2 of 2

adjective combining form

: being a (designated) nail size

an eightpenny nail

Examples of penny in a Sentence

Recent Examples on the Web

Noun

While that’s improved from Wednesday’s rate of 114 on the spot market, that’s still means one ruble is worth less than a penny. —Jason Ma, Fortune, 30 Nov. 2024

Nonetheless, shares of the cybersecurity firm were selling off as traders booked profits, perhaps because the current quarter profit guide came in a penny below expectations. —Zev Fima, CNBC, 27 Nov. 2024

Lucinda Shen Nov 6, 2024 Synapse customers get back pennies on the dollar from Evolve This week Evolve Bank & Trust began returning funds to consumers impacted by the Synapse bankruptcy after users spent months without access to their accounts. —Dan Primack, Axios, 25 Nov. 2024

The statement is partly true in a monetary value sense—investors can buy shares (and property) for pennies and reap pro rata returns when dividends are paid out. —Tamara Kostova, Forbes, 25 Nov. 2024

Word History

Etymology

Noun

Middle English, from Old English penning, penig; akin to Old High German pfenning, a coin

Adjective combining form

penny; perhaps from the original price per hundred

First Known Use

Noun

before the 12th century, in the meaning defined at sense 1a

Phrases Containing penny

• (a) penny for your thoughts
• a penny saved (is a penny earned)
• a pretty penny
• earn/turn an honest penny
• every penny helps/counts
• in for a penny, in for a pound
• not a penny less/more
• not cost a penny
• penny ante
• penny arcade
• penny candy
• penny dreadful
• penny loafer
• penny-pinching
• penny stock
• penny whistle
• penny-wise
• penny-wise and/but pound-foolish
• ten a penny
• the penny drops
• worth every penny

Kids Definition

penny

noun

pen·​ny ˈpen-ē 

plural pennies

-ēz

or pence ˈpen(t)s 

1

a

: a British unit of money formerly equal to ¹⁄₂₄₀ pound but now equal to ¹⁄₁₀₀ pound

b

: a coin representing this unit

2

plural pennies : cent

3

: a sum of money

earn an honest penny