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English definition of “peg”

peg

verb (FIX)    /peɡ/ (-gg-)
[T usually + adv/prep] to fix something in place with pegs: Make sure the tarpaulin is securely pegged down. I'll peg out the clothes before I go to work .Fastening and tying [T] to make a price , currency , etc. stay at a particular level : The agreement works because member nations haven't tried to peg prices .Keeping and staying the sameNot able to be changed
(Definition of peg verb (FIX) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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