n. a sixteenth. (Securities markets. From sixteenth. One sixteenth of a point in a stock price. See also steenth.) : It's going at three and two teenies at the moment.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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Word Origin & History
teeny
1825, alteration of tiny. Alternate form teensy is attested from 1899.