peg

/peg/ verb [T] (-gg-)

Definition

› 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)