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n. pl. pen·niesIdiom:
1. In the United States and Canada, the coin that is worth one cent.
2. pl. pence (pĕns)
a. Abbr. p. A coin used in Great Britain since 1971, worth 1/100 of a pound. Also called new penny.
b. Abbr. d. A coin formerly used in Great Britain, worth 1/12 of a shilling or 1/240 of a pound.
c. A coin formerly used in the Republic of Ireland, worth 1/100 of a pound.
d. A coin used in various dependent territories of the United Kingdom.
3. Any of various coins of small denomination.
4. A sum of money.
A considerable sum of money: I paid a pretty penny for that ring.
[Middle English, an English coin, from Old English penig.]
n. pl. pen·nies
Variant of pinny..