/ Dictionary / Index P penny loafer: Meaning and Definition of Find definitions for: pen'ny loaf"er Pronunciation: [key] a loafer with a slot on the vamp that can hold a coin, usually a penny. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. penny dreadful penny pincher Related Content Daily Word Quiz: pugilist Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language