Pennywort, also known as dollarweed, is a rhizomonous perennial with umbrella-like, long-stalked scalloped margined, waxy leaves. The petiole (stem) is found in the center of the leaf which helps define it from dichondra that has a c-shaped, smooth edged leaf with the petiole found at the edge of the c-indention. Dollarweed is most often found in moist to wet sites or anywhere moisture is in excess.