Meaning of the word peerage in English

What does peerage mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

peerage

US /ˈpɪr.ɪdʒ/
UK /ˈpɪə.rɪdʒ/

Noun

the position of being a peer:

Example:
She was given a peerage.