A'v'er-pĕn-ny, n.

n. [Cf. AVERAGE, and the O. Fr. aver, money, goods, wealth, Fr. aver, L. Lat. avere, averum, averiam, averia, from Lat. habere, to have or possess. Chartular. Becense: Arrepeny, estre quitte d'average. Ducange.] (O. Eng. Law.) Money paid toward the king's carriages by land, instead of service by the beasts in kind; or money paid in lieu of the service of average. Burn. Spelman.