noun A plural noun that refers to a unit of currency in various countries, especially in the United Kingdom.
In the context of currency, pence refers to the smallest unit of currency in the United Kingdom and some other countries.
Pence is used in financial transactions to denote amounts less than one pound.
Prices of goods and services may be listed in pence for items that are priced at less than one pound.
Pence coins are a common denomination in coin collecting and numismatic studies.
In the context of a writer, 'pence' may refer to a unit of currency used in the United Kingdom.
In accounting, 'pence' may be used when dealing with financial transactions involving small amounts of money.
Retailers may use 'pence' when pricing products or giving change to customers.
Bankers may use 'pence' when calculating interest rates or dealing with small denominations of currency.
Economists may use 'pence' when analyzing inflation rates or consumer spending habits.
Statistician may use 'pence' when conducting surveys or analyzing economic data.
Investment bankers may use 'pence' when dealing with financial investments or stock prices.
Financial analysts may use 'pence' when analyzing company profits or losses.
Tax accountants may use 'pence' when calculating tax liabilities or deductions.
Auditors may use 'pence' when examining financial records or conducting financial audits.