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Definition penny in British English

penny noun

[countable] noun
/ˈpeni/
1

a small unit of money in the UK There are 100 pence in one pound

Example

A local call only costs a few pence.

Synonyms and related words
1.1

a small coin in the UK worth one penny

Example

He had saved up a jarful of old pennies.

Synonyms and related words
2

a small coin in the US or Canada worth one cent

Synonyms and related words
3

to be economical with your money

Example

Rebecca learned to count her pennies during the Great Depression.

4

if something costs pennies on the dollar, its price is much lower than its real value

Example

At secondhand shops you can buy brand name goods for pennies on the dollar.

Definition penny in British English