to turn a nice penny
- idiom
- UK
- He turned a nice penny from his investments last year.
Examples
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The local bakery managed to turn a nice penny by catering to special events.
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They always find a way to turn a nice penny, even in tough economic times.
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She hoped her latest investment would turn a nice penny over the holiday season.
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Are you sure you can turn a nice penny with that venture?
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The new restaurant in town is designed to turn a nice penny during peak dining hours.
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Freelancers can often turn a nice penny by taking on multiple clients at once.
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With the increase in online sales, the small business was able to turn a nice penny this year.
Synonyms
To get money for work you do or from a business
To get money by working or running a business
To get an advantage from something
To earn a lot of money very quickly and easily
To earn more money than you spend running a business or project
Make a good amount of money from business or sales
Antonyms
How Profitable
- Informal
- UK
Surface Forms
Morphology
The parts suggest a monetary meaning — 'turn' can have a financial sense (to earn) and 'penny' names money, so a learner who knows the constituents could infer the expression relates to making money. However the specific sense 'to make a satisfactory/good profit' is idiomatic and relies on conventional collocation ('turn a nice penny'), so the exact meaning is not fully predictable without prior exposure.
Etymology
The idiom turn a nice penny comes from old shopkeepers who would turn a penny by using a small coin in trade and making it earn more money. So today it means 'to make a good profit'.