Definition of peg verb from the Oxford Advanced Learner's Dictionary

     

    peg

     verb
    verb
    BrE BrE//peɡ//
     
    ; NAmE NAmE//peɡ//
     
    Verb Forms present simple I / you / we / they peg
    BrE BrE//peɡ//
     
    ; NAmE NAmE//peɡ//
     
    he / she / it pegs
    BrE BrE//peɡz//
     
    ; NAmE NAmE//peɡz//
     
    past simple pegged
    BrE BrE//peɡd//
     
    ; NAmE NAmE//peɡd//
     
    past participle pegged
    BrE BrE//peɡd//
     
    ; NAmE NAmE//peɡd//
     
    -ing form pegging
    BrE BrE//ˈpeɡɪŋ//
     
    ; NAmE NAmE//ˈpeɡɪŋ//
     
     
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  1. 1to fasten something with pegs peg something (out) + adv./prep. All their wet clothes were pegged out on the line. peg something to something She was busy pegging her tent to the ground.
  2. 2[usually passive] to fix or keep prices, wages, etc. at a particular level peg something (at something) Pay increases will be pegged at 5%. peg something (to something) Loan repayments are pegged to your income. to peg the exchange rate to the dollar Admission prices have been pegged.
  3. 3peg somebody as something (North American English, informal) to think of somebody in a particular way She pegged him as a big spender.
  4. Word Origin late Middle English: probably of Low German origin; compare with Dutch dialect peg ‘plug, peg’. The verb dates from the mid 16th cent.Idioms (British English) having the same score The contestants were level pegging after round 3. Phrasal Verbspeg away (at something)peg back somebodypeg out
See the Oxford Advanced American Dictionary entry: peg