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1.
from the Gaelic for ring fainne
Fawney Co Derry
where the is a ringfort
by Anonymous October 29, 2003
 
2.
a gilt ring that is passed off as a gold ring. The word is part of British thieves' jargon.
That is not a gold ring. That is just a fawney.
by uttam maharjan October 30, 2010
 
3.
Slang for a ring. Derived from the feudal ritual in which supplicants and inferiors would kiss a lord's ring when 'fawning' or 'kissing up' to him.
"That's a flash fawney, Jimmy. It would be a shame ef I had tae break the finger af to get it. Now 'and it over like a good chap and ye'll come to no 'arm."
by MAC-Gyver May 27, 2003