English-English Dictionary

Meaning of the word peg in English

What does peg mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

peg

US /peɡ/
UK /peɡ/
"peg" picture

Noun

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.

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

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

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

Verb

1.

fix (something) with a peg or pegs.

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

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

Example:
•
The government decided to peg the currency to the dollar.
•
They pegged the interest rate at 5%.
Synonym:
fixsetstabilizetielink
Learn This Word at Lingoland
Related Word:
clothes pegtuning pegcurrency peg