The word "pelfrey" is spelled with three syllables and is commonly pronounced /ˈpɛlfri/ in IPA phonetics. The word is not commonly found in modern English, and it is believed to be an obsolete term for a kind of bag or purse. Some variations of the spelling include "pelfry" or "peltry." As language evolves, many words fall out of use and become archaic, and the spelling may change or be forgotten altogether. However, they may still be found in older literature and documents.