According to the Encyclopedia of International Media and Communications, a Scholarly Journal is "A periodical that contains in each issue a number of articles on a particular subject, with the articles usually being unrelated to each other and written by different authors, each of which contains a description of the results of a piece of research work or other scholarly investigation."
For information on how to identify a Peer-Reviewed Scholarly Journal, check out :
NC State University's: Anatomy of a Scholarly Article.
Peer-Reviewed means "A method of quality control of scholarly articles, whereby each article submitted for publication in a journal is sent to one or more scholars working in the same research field as the author and the scholar(s) assess(es) whether the article is of a high enough standard and appropriate for publication in that particular journal."
For information on how to identify a Peer-Reviewed Scholarly Journal, check out :
NC State University's: Anatomy of a Scholarly Article.