- 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 [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 peg somebody as something (informal) to think of someone in a particular way She pegged him as a big spender.
- 4(informal) to throw something He pegged the ball to second base.
NAmE//pɛɡ//Verb Forms present simple I / you / we / they peg
he / she / it pegs
past simple pegged
-ing form pegging