1. Cards.a game of poker in which the ante or basic bet is one cent.
2. Informal.any business arrangement or transaction involving a trifling or paltry sum of money.
Pronunciation: (pen'ē-an'tē), [key]
1. involving a trifling sum of money; small in amount: a penny-ante investment.
2. inconsiderable; minor; small-time.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.