Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “peg”


noun [C]     /peɡ/
ECONOMICS, FINANCE an official arrangement for a price, currency, etc. to stay at a particular level or within a particular range: peg against sth The government removed the currency from its peg against the dollar. → See also adjustable peg, crawling peg, currency peg, off-the-peg, sliding peg
(Definition of peg noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of peg

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:

Definitions of “peg” in other dictionaries

Word of the Day


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

Word of the Day


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