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English definition of “peg”

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)
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