peg

US /peɡ/
UK /peɡ/
"peg" picture
1.

a short cylindrical piece of wood or metal, typically tapered at one end, that is used for holding things together, hanging things on, or marking a position.

:
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She hung her coat on a wooden peg.
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The tent was secured with several ground pegs.
:
pindowelspikestakehook
2.

a point or level at which something is fixed or stabilized.

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The company decided to peg its prices to those of its main competitor.
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The exchange rate is pegged to the US dollar.
:
levelpointmarkstandardbenchmark
1.

fix (something) with a peg or pegs.

:
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He pegged the clothesline to the fence post.
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They pegged the tent firmly to the ground.
:
fastensecurefixattachanchor
2.

fix (a price, rate, or level) at a particular amount.

:
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The government decided to peg the currency to the dollar.
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They pegged the interest rate at 5%.
:
fixsetstabilizetielink
:
clothes pegtuning pegcurrency pega square peg (in a round hole)