The Collaborative International Dictionary of English v.0.48:

peepul \pee"pul\ (p[=e]"p[u^]l), Peepul tree \Pee"pul
tree`\(p[=e]"p[u^]l tr[=e]`). [Hind. p[imac]pal, Skr. pippala.]
   (Bot.)
   A sacred tree (Ficus religiosa) of the Buddhists, a kind of
   fig tree which attains great size and venerable age; it lacks
   the prop roots of the banyan. See Bo tree. [Written also
   pippul tree, and pipal tree.]

   Syn: pipal, peepul, peepul tree, pipal tree, pipul, sacred
        fig, bo tree, Ficus religiosa.
        [1913 Webster]