Penny Loafer Definition

noun
A low leather, laceless, step-in shoe having a slitted strap in front in which a coin or other ornament can be inserted.
American Heritage
A loafer having a narrow band, sewn over the vamp, traditionally with a decorative slot in the center into which a penny may be inserted.
Webster's New World
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Other Word Forms of Penny Loafer

Noun

Singular:
penny loafer
Plural:
penny loafers

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penny loafer