<p><strong>noun</strong></p><ul><li>Also called peag, seawan.</li><li>cylindrical beads made from shells, pierced and strung, used by North American Indians as a medium of exchange, for ornaments, and for ceremonial and sometimes spiritual purposes, especially such beads when white but also including the more valuable black or dark-purple varieties.</li><li>Informal: Often Offensive. money.</li></ul>