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Definition of penny
1North American informal a one-cent coin equal to one hundredth of a dollar. (plural for separate coins pennies, for a sum of money pence /pens/) (abbreviation: p) a British bronze coin and monetary unit equal to one hundredth of a pound. (abbreviation: d) a former British coin and monetary unit equal to one twelfth of a shilling and one 240th of a pound.
) a small sum of money:in the current economic situation any chance to save a few pennies is welcome
(in biblical use) a denarius. 2 [with negative]
) used for emphasis to denote no money at all:we didn’t get paid a penny