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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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