Definition of peg verb from the Oxford Advanced American Dictionary

     

    peg

     verb
    verb
    NAmE//pɛɡ//
     
    Verb Forms present simple I / you / we / they peg
     
    he / she / it pegs
     
    past simple pegged
     
    -ing form pegging
     
     
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  1. 1 to fasten something with a peg peg something + adv./prep. Peg down the edges of the net. 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 euro Admission prices have been pegged.
  3. 3 peg somebody as something (informal) to think of someone in a particular way She pegged him as a big spender.
  4. 4(informal) to throw something He pegged the ball to second base.
See the Oxford Advanced Learner's Dictionary entry: peg