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An elasticized rubber cord, often fitted with hooks at the ends, used to fasten, bear weight, or absorb shock.
[From early 20th century slang bunjy, bungie, rubber eraser, of unknown origin.]
bun′gee cord`(ˈbʌn dʒi)
an elasticized cord, typically with a hook at each end, used chiefly as a fastener. Also called bun′gee.
[1965–70; bungee rubber (of obscure orig.)]