Entry 2 senses Webster, 1913 Peerage /pîr′ĭj/ · Peer·age · IPA /ˈpɪə̯.ɪd͡ʒ/ 01 n. The rank or dignity of a peer. 1. The rank or dignity of a peer. 2. The body of peers; the nobility, collectively. “When Charlemain with all his peerage fell.” — Milton.