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English definition of “peg”

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peg

verb [T]
 
 
/peɡ/ (-gg-)
ECONOMICS, FINANCE 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. →  Compare freeze verb
US to guess the cost, amount, or level of something: Future costs stemming from those lawsuits have been pegged as high as $8 billion.
(Definition of peg verb from the Cambridge Business English Dictionary © Cambridge University Press)
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