peg Meaning in Cambridge American English Dictionary
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Meaning of "peg" - American English Dictionary

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pegnoun [C]

 us   /peɡ/

peg noun [C] (HANGING DEVICE)

a small, shaped piece of wood or other material on which objects can be hung: She hung her apron on the peg.

peg noun [C] (ATTACHING TOOL)

a device used to attach something or hold it in place

pegverb [T]

 us   /peɡ/ (-gg-)

peg verb [T] (FIX AMOUNT)

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.

peg verb [T] (DISCOVER)

infml to recognize or discover what something is; identify : They had you pegged as a sucker the minute you walked in.
Phrasal verbs
(Definition of peg from the Cambridge Academic Content Dictionary © Cambridge University Press)
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