The Collaborative International Dictionary of English v.0.48:
Penniless \Pen"ni*less\, a. [From Penny.] Destitute of money; impecunious; poor. -- Pen"ni*less*ness, n. [1913 Webster]WordNet (r) 3.0 (2006):
pennilessness n 1: a state of lacking money [syn: impecuniousness, pennilessness, penuriousness]