Margaret > Meg > Peg > Peggy
Mary > Molly > Polly
The name Peggy means pearl.Uh... no. Not at all. Wrong. Way off. Not even close.No offense.Peggy means "Margaret."Peggy is a mediaeval diminutive of Margaret, and Margaret means pearl so both the answers above are right. Peggy is arrived at from Meggie. The reason for the change of first consonant is unknown.Actually I am sorry, the person above me couldn't be more wrong. Peggy does not mean Margaret, it can simply be used a a nickname for Margaret. My name is Peggy and it means Pearl. NOT Margaret, I DO NOT have Margaret in my name ANYWHERE. They are just confused that it can be used as a nickname.
Peggy Bates's birth name is Margaret Gaines.
Peggy Seeger's birth name is Margaret Seeger.
Peggy Doner's birth name is Margaret Lane.
Peggy Cowles's birth name is Margaret Cowles.
Peggy Carlisle's birth name is Margaret Carlisle.
Peggy Webling's birth name is Margaret Webling.
Peggy Noonan's birth name is Margaret Noonan.
Peggy Ledger's birth name is Margaret Dallas.
Peggy Shanor's birth name is Margaret Shanor.
Peggy Flood's birth name is Margaret Flood.
Margot, which is a nickname for Marguerite("Margaret"), is a French equivalent of the English name "Peggy." The pronunciation in French will be "mar-go" for the diminutive and "mar-greet" for the proper feminine noun.