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Meaning of “penny” in the English Dictionary

"penny" in British English

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pennynoun [C]

uk   /ˈpen.i/ us   /ˈpen.i/ plural pence p pennies
B1 plural p, pence or pennies abbreviation p the smallest unit of money in the UK, of which there are 100 in a pound, or a small coin worth 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 small coins 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 large coin. There were twelve pennies in a shilling.
plural pence or pennies used when talking about the smallest amount of money possible: Buy a TV now and it won't cost you a penny (= will cost nothing) for three months. It was an expensive meal but worth every penny.

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-pennysuffix

uk   / -pen.i/ us   / -pen.i/ 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 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)

"penny" in Business English

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pennynoun [C]

uk   /ˈpeni/ us  
plural pence, pennies abbreviation also p MONEY the smallest unit 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 rival group 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 small amount of money: We have never taken a penny of aid from federal government. 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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Avoiding common errors with the word enough.
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