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1.                 From The Collaborative International Dictionary of English v.0.48:
                   
   
   
                   
                     
   Peag \Peag\ (p[=e]g), n. [Written also peage, peak,
      peeke.] [Prob. of North American Indian origin, by
      shortening of wampumpeag. --RHUD.]
      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.
      [Webster 1913 Suppl.]