peg Meaning in the Cambridge English Dictionary
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Meaning of “peg” in the English Dictionary

"peg" in British English

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pegnoun

uk   us   /peɡ/

peg noun (HOOK)

[C] a ​smallstick or hook that ​sticks out from a ​surface and from which ​objects, ​especiallyclothes, can ​hang: He took off his ​coat/​hat and ​hung it on the peg. [S] a ​reason for ​discussing something ​further : They ​decided to use the ​anniversary as the peg for/a peg on which to ​hang a TV ​documentary.
More examples

peg noun (FASTENING DEVICE)

[C] a ​device used to ​fasten something into a ​particularplace: Hammer the (tent) pegs ​firmly into the ​ground.
See also

peg noun (IN BASEBALL)

[C] US informal a ​lowfastthrow in ​baseball

peg noun (LEVEL)

[C] an ​arrangement that ​fixes a ​price, currency, etc. at a ​particularlevel: The ​governmentremoved the ​currency from ​its peg against the ​dollar.

pegverb

uk   us   /peɡ/ (-gg-)

peg verb (FASTEN)

[T usually + adv/prep] to ​fasten something in ​place with pegs: Make ​sure the ​tarpaulin is ​securely pegged down.UK I'll peg out the ​clothes before I go to ​work. [T] to make a ​price, currency, etc. ​stay at a ​particularlevel: The ​agreementworks because ​membernations haven't ​tried to peg ​prices.

peg verb (THROW)

[T] US informal to ​throw a ​ball in ​baseballlow and ​fast: Mattingly pegged the ​ball to Stanley.
Phrasal verbs
(Definition of peg from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"peg" in American English

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pegnoun [C]

 us   /peɡ/

peg noun [C] (HANGING DEVICE)

a ​small, ​shapedpiece of ​wood or other ​material on which ​objects can be ​hung: She ​hung her ​apron on the peg.

peg noun [C] (ATTACHING TOOL)

a ​device used to ​attach something or ​hold it in ​place

pegverb [T]

 us   /peɡ/ (-gg-)

peg verb [T] (FIX AMOUNT)

to ​fix the ​amount or ​value of something in ​relation to something ​else: There’s ​talk of ​trying to peg the ​value of the peso to the ​dollar.

peg verb [T] (DISCOVER)

infml to ​recognize or ​discover what something is; identify : They had you pegged as a ​sucker the ​minute you ​walked in.
Phrasal verbs
(Definition of peg from the Cambridge Academic Content Dictionary © Cambridge University Press)

"peg" in Business English

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pegnoun [C]

uk   us   /peɡ/
ECONOMICS, FINANCE an ​officialarrangement for a ​price, ​currency, etc. to ​stay at a particular ​level or within a particular ​range: peg against sth The ​governmentremoved the ​currency from its peg against the ​dollar.

pegverb [T]

uk   us   /peɡ/ (-gg-)
ECONOMICS, FINANCE to ​officiallycontrolprices, ​incomelevels, ​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 ​baserate.peg sth to sth Many of the world's ​currencies are pegged to the US ​dollar.
Compare
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 from the Cambridge Business English Dictionary © Cambridge University Press)
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