The crossword solution for the term 'PENNY-___ (SMALL-TIME)' is ANTE, which is a four-letter word. Ante is a term used in card games and gambling, referring to a small amount of money that each player must put into the pot before the game begins. This is usually done to ensure that all players have an equal stake in the game and to encourage betting. The phrase 'penny-ante' is often used to describe something that is small-time or insignificant.