penny

UK: ˈpeni | US: ˈpeni

Definition
  1. n. a small unit of currency (1/100 of a pound sterling or formerly in the UK; 1 cent in the US)

  2. n. a coin of this value

  3. n. (informal) a small sum of money

Structure
pen <coin>ny <diminutive suffix>
Etymology

The word "penny" traces back to Old English penning or pening, derived from Proto-Germanic panningaz, likely related to trade or exchange. The root pen- originally denoted a coin or token, while the suffix -ny (or earlier -ing) functioned as a diminutive or nominalizer. Over time, the term stabilized in Middle English as "penny," retaining its core meaning as a small monetary unit. Its persistence across Germanic languages (e.g., German Pfennig, Dutch penning) highlights its ancient role in commerce.

Examples
  1. She saved every penny she earned to buy a new bicycle.

  2. In medieval England, a penny could buy a loaf of bread.

  3. "A penny for your thoughts?" he asked playfully.

  4. The old fountain was littered with pennies and wishes.

  5. He refused to spend a penny on unnecessary luxuries.