a holder in which a penpoint is placed.
a rack for a pen or pens.

1805–15; pen1 + holder Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
He used to write with an old-fashioned penholder and nib.
Customize your cover with a notebook pocket, faux button closure, or penholder.
The pen will be attached to or placed into the penholder of the computer while the battery is inserted into the slot.
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