Meaning of peg In English

• 0 a small stick or hook that sticks out from a surface and from which objects, especially clothes, can hang:

  • He took off his coat/hat and hung it on the peg.

  • They decided to use the anniversary as the peg for/a peg on which to hang a TV documentary.

• 1 a device used to fasten something into a particular place:

  • Hammer the (tent) pegs firmly into the ground.

• 2 a low fast throw in baseball

• 3 an arrangement that fixes a price, currency, etc. at a particular level:

  • The government removed the currency from its peg against the dollar.

• 4 to fasten something in place with pegs:

  • Make sure the tarpaulin is securely pegged down.

  • UK I'll peg out the clothes before I go to work.

  • The agreement works because member nations haven't tried to peg prices.

• 5 to throw a ball in baseball low and fast:

  • Mattingly pegged the ball to Stanley.

• 6 a small, shaped piece of wood or other material on which objects can be hung:

  • She hung her apron on the peg.

• 7 a device used to attach something or hold it in place

• 8 to fix the amount or value of something in relation to something else:

  • There’s talk of trying to peg the value of the peso to the dollar.

• 9 to recognize or discover what something is; identify:

  • They had you pegged as a sucker the minute you walked in.

• 10 an official arrangement for a price, currency, etc. to stay at a particular level or within a particular range:

  • peg against sth The government removed the currency from its peg against the dollar.

• 11 to officially control prices, income levels, currencies, etc. by keeping them at a particular level or within a particular range:

  • peg sth at sth Interest on the loan is pegged at 1.75% above base rate.

  • peg sth to sth Many of the world's currencies are pegged to the US dollar.

• 12 to guess the cost, amount, or level of something:

  • Future costs stemming from those lawsuits have been pegged as high as $8 billion.