Definition of penny-pinch in English:

penny-pinch

verb

US
informal
  • 1no object To be niggardly or parsimonious.

  • 2with object To act in a parsimonious way towards; to make poor; to underfund.

Origin

1940s; earliest use found in Sunday Times-Signal (Zanesville, Ohio). From penny + pinch, after penny-pinched, penny-pincher, penny-pinching.

Pronunciation

penny-pinch

/ˈpɛnɪpɪn(t)ʃ/