| 1. | the pointed top of a mountain or ridge. |
| 2. | a mountain with a pointed summit. |
| 3. | the pointed top of anything. |
| 4. | the highest or most important point or level: the peak of her political career. |
| 5. | the maximum point, degree, or volume of anything: Oil prices reached their peak last year. |
| 6. | a time of the day or year when traffic, use, demand, etc., is greatest and charges, fares, or the like are at the maximum: Early evening is the peak on commuter railroads. |
| 7. | the higher fare, charges, etc., during such a period: If you fly during the Christmas holidays, you'll have to pay peak. |
| 8. | Physics.
|
| 9. | a projecting point: the peak of a man's beard. |
| 10. | widow's peak. |
| 11. | a projecting front piece, or visor, of a cap. |
| 12. | Phonetics. nucleus (def. 8a). |
| 13. | Nautical.
|
| 14. | to project in a peak. |
| 15. | to attain a peak of activity, development, popularity, etc.: The artist peaked in the 1950s. |
| 16. | Nautical. to raise the after end of (a yard, gaff, etc.) to or toward an angle above the horizontal. |
| 17. | being at the point of maximum frequency, intensity, use, etc.; busiest or most active: Hotel rooms are most expensive during the peak travel seasons. |
| 18. | constituting the highest or maximum level, volume, etc.; optimal; prime: a machine running at peak performance. |

peak 1 (pēk) n.
v. tr.
[Probably Middle English pike, peke; see pike5.] |
Peak
The highest point between the end of an economic expansion and the start of a contraction in a business cycle. The peak of the cycle refers to the last month before several key economic indicators, such as employment and new housing starts, begin to fall. It is at this point that real GDP spending in an economy is its highest level.
Investopedia Commentary
Business cycles are dated according to when the direction of economic activity changes and is measured by the time it takes for an economy to go from one peak to another. Also, because economic indicators change at different times, it is the National Bureau of Economic Research that ultimately determines the official dates of peaks and troughs in U.S. business cycles.
Related Links
Peak-and-Trough Analysis
Sector Rotation: The Essentials
The Stages Of Industry Growth
Recession: What Does It Mean To Investors?
See also: Business Cycle, Contraction, Expansion, National Bureau of Economic Research, Recession, Trough