noun
/ˈpɛni/ pl US pennies /ˈpɛniz/ or Brit pence /ˈpɛns/
[count] a pl pennies :a coin or a unit of money equal to {frac1/100} of a dollar :cent
b pl pence :a coin or a unit of money equal to {frac1/100} of a British pound - abbr. p;
c pl pence :a British coin used before 1971 that was equal to {frac1/12} of a shilling - abbr. p;
a small amount of money
the least amount of money
(a) penny for your thoughts
used to ask what someone is thinking about
a penny saved
The saying a penny saved (is a penny earned) means that it is important to save your money.
a pretty penny
a large amount of money
in for a penny, in for a pound
Brit - used to say that you should finish what you have started to do even though it may be difficult or expensive
not a penny less/more
no less or no more than a certain amount of money
pinch pennies
ten a penny
the penny drops
Brit informal - used to say that someone finally understands something after not understanding it for a time
US