Hypertext Webster Gateway: "Peag"
From Webster's Revised Unabridged Dictionary (1913) (web1913)
Peag \Peag\, n. [Written also {peage}, {peak}, {peeke}.] [Prob.
of North Amer. Indian origin.]
A kind of aboriginal shell money, or wampum, of the Atlantic
coast of the United States; -- originally applied only to
polished white cylindrical beads.
From WordNet (r) 1.7 (wn)
peag
n : small beads made from polished shells and formerly used as
money by native Americans [syn: {wampum}]
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