penny

/'peni/
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penny

A child picks up a shiny penny from the sidewalk.

Definition
  1. Noun:
    • A coin of low value: A penny is a small coin. In the UK and Ireland, it is worth one hundredth of a pound. In the US and Canada, it is worth one hundredth of a dollar (a cent).
    • A small amount of money: The word "penny" is often used to represent a very small sum of money or something of little value.
Usage and Examples
  • Referring to the coin:
    • I found a penny on the sidewalk. (I found a one-cent coin on the sidewalk.)
    • The price is two pounds and fifty pence. (The price is two pounds and fifty of the small units of currency.)
  • Referring to a small amount:
    • That advice isn't worth a penny. (That advice has no value.)
    • He doesn't have a penny to his name. (He has no money at all.)
Advanced Usage and Idioms
  • A pretty penny: A large amount of money.
    • That new car must have cost a pretty penny.
  • In for a penny, in for a pound: If you start something, you should complete it, even if it becomes difficult or expensive.
    • We've already spent so much on the repairs; we might as well finish the job. In for a penny, in for a pound.
  • A penny for your thoughts: Said to ask someone what they are thinking about.
    • You look so serious. A penny for your thoughts?
  • Penny-wise and pound-foolish: Careful about small amounts of money but wasteful with large sums.
    • He refused to fix the leaky roof to save money, but now the water damage will cost thousands. He's so penny-wise and pound-foolish.
  • Turn an honest penny: To earn money honestly.
    • He's just trying to turn an honest penny with his new business.
Variants and Related Words
  • Pence (n): The plural form used in the UK to refer to the value (e.g., ).
  • Pennies (n): The plural form used to refer to multiple individual coins (e.g., ).
  • Penny-ante (adj, informal): Involving very small amounts of money; insignificant.
    • They were just playing penny-ante poker.
Synonyms
  • Cent: The US/Canadian equivalent of a penny.
  • Coin: A general term for a piece of metal money.
Notes on Meaning
  • The primary meaning is a specific low-value coin, which differs between countries (UK/Ireland vs. US/Canada).
  • Its secondary meaning is symbolic, representing a trivial amount or the concept of money in general, especially in idioms.
penny

A child picks up a shiny penny from the sidewalk.

Noun
  1. a coin worth one-hundredth of the value of the basic unit
  2. a fractional monetary unit of Ireland and the United Kingdom; equal to one hundredth of a pound