Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “peg”

peg

verb [T]     /peɡ/ (present participle pegging, past tense and past participle pegged)
to fix the cost of borrowing money or the value of a country's money at a particular level: [often passive] Interest rates were pegged at 8.2%.Keeping and staying the sameNot able to be changed
(Definition of peg verb from the Cambridge Learner's Dictionary © Cambridge University Press)

Browse related topics

You are looking at an entry to do with Pins, clips, hooks & pegs, but you might be interested in these topics from the Household equipment topic area:

More Learner's Dictionary definitions for “peg”

Definitions of “peg” in other dictionaries

Word of the Day

generous

willing to give money, help, kindness, etc., especially more than is usual or expected

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More