Longman Dictionary of Contemporary English homepage

Language: Old English
Origin: penning, penig

penny

noun
     
Related topics: Currencies
pen‧ny S1 [countable]
1
a) plural pence abbreviation p a small unit of money in Britain. There are 100 pence in one pound:
The bus fare is 80 pence.
a 50p piece (=coin)
A loaf of bread costs 70p.
b) plural pennies a coin worth one penny:
I've only got a few pennies left.
2 plural penniesPEC a coin that is worth one cent in the US or Canada. One hundred pennies are equal to $1.
3 plural pennies or pencePEC written abbreviation d a British unit of money or coin used until 1971. There were 12 pennies in one shilling
twopence/threepence etc
a book costing only sixpence
fourpenny/sixpenny etc
a fourpenny cigar
a threepenny bit (=coin)
4

not a penny

used to emphasize that someone has no money or that something did not cost any money:
I haven't got a penny on me.
It didn't cost me a penny.
He died without a penny to his name.
5

every penny

all of an amount of money:
The hotel was expensive but it was worth every penny.
every penny of
He was determined to go to Australia even if it took every penny of his savings.
6

every penny counts

used to say that money is needed and even a small amount is important:
Every penny counts in the battle to save the rainforests.
7

the/your last penny

the only money that is left:
She's down to her last penny.
8

a penny for your thoughts/a penny for them

spoken used to ask someone who is silent what they are thinking about
9

in for a penny, in for a pound

spoken used to say that because you are already involved in something, you will complete it whatever time, money, or effort is needed:
Oh well, it's done now. In for a penny, in for a pound.
10

the penny (has) dropped

British English informal used to say that someone has finally understood something that they had not understood before
11

be two/ten a penny

British English to be very common and easy to get, or cheap - used to show disapproval:
Rings like these are ten a penny.
12

turn up like a bad penny

British English if someone you dislike turns up like a bad penny, they appear when they are not wanted
halfpenny

; ➔ spend a penny

at spend (5)

; ➔ cost a pretty penny

at pretty2 (6)

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