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)

More Learner's Dictionary definitions for “peg”

Definitions of “peg” in other dictionaries

Word of the Day

work out

to exercise in order to improve the strength or appearance of your body

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