Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “adjustable peg”

adjustable peg

noun [C]
 
 
ECONOMICS, FINANCE
a value for one currency in relation to another that is set but can sometimes be changed: An adjustable peg system is a kind of fixed exchange rate system in which exchange rates can be readjusted when market conditions change.
(Definition of adjustable peg from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of adjustable peg?
Add Cambridge dictionaries to your browser to your website

Word of the Day

see the light of day

When something sees the light of day, it appears for the first time.

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More