Definition of penny-wise-pound-foolishness in English:

penny-wise-pound-foolishness

noun

  • The quality of being penny-wise and pound-foolish.

Origin

Late 19th century; earliest use found in The Westminster Gazette. From penny-wise + pound + foolishness, after penny-wise (and) pound-foolish.

Pronunciation

penny-wise-pound-foolishness

/ˌpɛnɪˌwʌɪzˌpaʊndˈfuːlɪʃnɪs/