Meaning of the word "a pretty penny" in English

What does "a pretty penny" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a pretty penny

US /ə ˈprɪt.i ˈpen.i/
UK /ə ˈprɪt.i ˈpen.i/
"a pretty penny" picture

Idiom

1.

a large sum of money

Example:
That new car must have cost them a pretty penny.
Renovating the old house will cost a pretty penny.
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