penny Meaning in Cambridge American English Dictionary
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Meaning of "penny" - American English Dictionary

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pennynoun [C]

 us   /ˈpen·i/
in the US and Canada, a coin worth 1/100th of a dollar; a cent: I keep pennies in a jar. A penny can also mean the smallest amount of money possible or the total cost of something: Our insurance didn’t cover a penny of our medical bills. It was an expensive meal but worth every penny.
(Definition of penny from the Cambridge Academic Content Dictionary © Cambridge University Press)
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