From Longman Dictionary of Contemporary Englishpegpeg1 /peɡ/ ●○○ noun [countable] 1 short stickDHHDCC a short piece of wood, metal, or plastic that is attached to a wall or fits into a hole, used especially to hang things on or to fasten things together Sarah hung her coat on the peg. a table fitted together with pegs a pattern made with coloured pegs on a board2 hanging wet clothes British English a small plastic or wooden object used to fasten wet clothes to a thin rope to dry SYN clothes peg, clothespin American English3 tentDLO a pointed piece of wood or metal that you push into the ground in order to keep a tent in the correct position4 → take/bring somebody down a peg (or two)5 musical instrumentAPM a wooden screw used to make the strings of a violin, guitar etc tighter or looser SYN tuning peg6 → a peg to hang something on7 drink British English old-fashionedDFD a small amount of strong alcoholic drink, especially whisky or brandy → square peg in a round hole at square1(12)
Examples from the Corpus
peg• Serena hung her hat on a peg.• Green in the chrome of the Harley, in the beach towel hung on a peg.• His voice was nasal, to the extent that it sounded as if there was a clothes peg clipped on to his nose.• Knock in rows of pegs just outside the patio boundary.• The Creative Weaver comprises a perforated base board, with sets of pegs for setting up the design on the board.• Saddles, gleaming immaculately and stirrup irons polished, hung neatly on pegs.• Hang your coat on this peg.• I clipped into the top peg and swung around in tides of feelings below the bulge.• I also put on the real Sperzel locking tuning pegs as opposed to the fake ones that Fender are making now.pegpeg2 verb (pegged, pegging) [transitive] 1 PEBEto set prices, wages etc at a particular level, or set them in relation to something elsepeg something at something The dividend was pegged at 6.1p.peg something to something a currency pegged to the American dollar2 JOIN something TOGETHERto fasten something somewhere with a peg The tent flap was pegged open. Outside, a woman was pegging sheets to a washing line. → peg somebody/something as something → peg away → peg somebody/something ↔ back → peg out→ See Verb tableExamples from the Corpus
peg• But Wasps pegged away and when Ashurst was careless with his feet, Pilgrim kicked the penalty goal.• Government measures to peg back inflation have deepened the recession.• Although the formwork was quite heavy, we pegged it down at the four corners as a precaution.• They resembled washing lines, although instead of clothes, several dozen peculiar wooden and metal contraptions were pegged out.• The bonus was pegged to a simple productivity scale everyone could understand.• But the resistance is pegged to stimulate toning and endurance, not strength, Kraemer said.peg something to something• In the last century, most countries pegged their currencies to gold.From Longman Business Dictionarypegpeg /peg/ verb (pegged, pegging) [transitive]FINANCE1to fix something such as prices or wages at a particular level, or fix them in relation to something elsepeg something at somethingThe prices of many holidays have been pegged at last year’s levels.peg something to somethingcurrencies which are pegged to the dollar —peg noun [countable usually singular]Banks use the base rate as a peg to set interest rates on loans.2American English to state what you believe an amount to be or what you believe will happenpeg something at somethingSome analysts peg the losses at $125 million.peg somebody as somethingOpinion polls peg him as her likely successor.→ See Verb tableOrigin peg1 (1400-1500) Probably from Middle Dutch pegge 