penny weight

pennyweight

[pen-ee-weyt]
noun
(in troy weight) a unit of 24 grains or 1/20 of an ounce (1.56 grams). Abbreviation: dwt, pwt

Origin:
1350–1400; Middle English penyweight, Old English penega gewihte. See penny, weight

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World English Dictionary
pennyweight (ˈpɛnɪˌweɪt)
 
n
a unit of weight equal to 24 grains or one twentieth of an ounce (Troy)

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