Definitions

1. noun

a unit of currency, especially in the United Kingdom, equal to one hundredth of a pound sterling.

“The price of the item was 50 pence.”

2. noun

a small amount of money.

“He gave me a few pence for the help I provided.”

3. noun

a small part or fraction of something.

“The company was a small pence of the overall market.”

4. verb

to make or give someone a small amount of money.

“I penced him for helping with the task.”