cro·ny

[kroh-nee]
noun, plural cro·nies.
a close friend or companion; chum.

Origin:
1655–65; alleged to be university slang; perhaps < Greek chrónios for a long time, long-continued, derivative of chrónos time; cf. chrono-


pal, buddy.
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World English Dictionary
crony (ˈkrəʊnɪ) [Click for IPA pronunciation guide]
 
n , pl -nies
a friend or companion
 
[C17: student slang (Cambridge), from Greek khronios of long duration, from khronos time]

Collins English Dictionary - Complete & Unabridged 10th Edition
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00:10
Crony is always a great word to know.
So is ninnyhammer. Does it mean:
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
a fool or simpleton; ninny.
Etymonline
Word Origin & History

crony
1660s, Cambridge student slang, probably from Gk. khronios "long-lasting," from khronos "time," and with a sense of "old friend," or "contemporary."
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Most of the people angry to the leaders and its crony.
In other words, you are contrasting state capitalism with crony capitalism.
Then pamphlets accusing him of being a capitalist crony of the disgraced former
  regime appeared.
Fight off the suffocating clutch of the state and crony capitalism.
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