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2 definitions found

From: Webster's Revised Unabridged Dictionary (1913)

 Peag n. [Written also peage, peak, peeke.]  A kind of aboriginal shell money, or wampum, of the Atlantic coast of the United States; -- originally applied only to polished white cylindrical beads.  See also wampum.
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From: WordNet (r) 2.0

 peag
      n : small cylindrical beads made from polished shells and
          fashioned into strings or belts; used by certain Native
          American peoples as jewelry or currency [syn: wampum, wampumpeag]