/ Dictionary / Index P Peter Principle: Meaning and Definition of Find definitions for: Pe'ter Prin"ciple Pronunciation: [key] any of several satirical “laws” concerning organizational structure, esp. one that holds that people tend to be promoted until they reach their level of incompetence. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. Peter Pan collar Petersburg Related Content Daily Word Quiz: careening Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language