Webster's English Dictionary

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pony

po.ny \'po--ne-\ n [prob. fr. obs. F poulenet, dim. of F poulain colt, fr. 
   ML pulla]nus, fr. L pullus young of an animal, foal - more at FOAL 1a: a 
   small horse; esp : one of any of several breeds of very small  stocky 
   animals noted for their gentleness and endurance 1b: a bronco, mustang, or 
   similar horse of the western U.S.  1c: RACEHORSE  2: something smaller than 
   standard  3: a literal translation used in studying a foreign language or 
   text : MTROT