Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
penny-wise is an adjective meaning "thrifty in small matters only". It carries one recorded sense.
thrifty in small matters only
Definitions, synonyms and semantic relations for penny-wise come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.