ponce (n.) Look up ponce at Dictionary.com
slang term, chiefly British, 1872, originally "a pimp, a man supported by women" (pouncey in same sense is attested from 1861), of unknown origin, perhaps from French pensionnaire "boarder, lodger, person living without working." Meaning "male homosexual" first attested 1932 in Auden [OED]. Also as a verb. Related: Poncey.