penny Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “penny” in the English Dictionary

"penny" in British English

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pennynoun [C]

uk   us   /ˈpen.i/ (plural pence , p or pennies)
B1 (plural p, pence or pennies) (abbreviation p) the ​smallestunit of ​money in the UK, of which there are 100 in a ​pound, or a ​smallcoinworth this much. You use "pence" or, more ​informally, "p" when you are ​talking about the ​units of ​money and pennies when you are ​talking about the ​coins themselves: Could you ​lend me 50 pence/50p ​please? I ​found a ten/twenty/fifty pence piece (= a ​coin of this ​value) on the ​floor. I ​keep pennies and other ​smallcoins in a ​jar. (plural pennies) in the US and Canada, a cent or a ​coin of this ​value (plural pence or pennies) (also old penny, abbreviation d) in the UK before 1971, a ​largecoin. There were twelve pennies in a ​shilling. (plural pence or pennies) used when ​talking about the ​smallestamount of ​moneypossible: Buy a TV now and it won't ​cost you a penny (= will ​cost nothing) for three ​months. It was an ​expensivemeal but ​worth every penny.

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-pennysuffix

uk   us   /-pə.ni/ UK
(Definition of penny from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"penny" in American English

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pennynoun [C]

 us   /ˈpen·i/
in the US and Canada, a ​coinworth 1/100th of a ​dollar; a ​cent: I ​keep pennies in a ​jar. A penny can also ​mean the ​smallestamount of ​moneypossible or the ​totalcost of something: Our ​insurance didn’t ​cover a penny of ​ourmedicalbills. It was an ​expensivemeal but ​worth every penny.
(Definition of penny from the Cambridge Academic Content Dictionary © Cambridge University Press)

"penny" in Business English

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pennynoun [C]

uk   us   /ˈpeni/
(plural pence, pennies) abbreviation (also p) MONEY the ​smallestunit of ​money used in the UK. There are 100 pence in one pound (= the ​currency of the UK): a 20/50p ​piece Shares in the ​rivalgroup are up 7 pence at 638p.
(plural pennies) MONEY in the US and Canada, a cent (= one hundredth of a ​dollar)
used in expressions to refer to a very ​smallamount of ​money: We have never taken a penny of ​aid from ​federalgovernment. If you ​pay it back within six months, you won't pay a penny in ​interest.
(Definition of penny from the Cambridge Business English Dictionary © Cambridge University Press)
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“penny” in British English

“penny” in Business English

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