peg

♦ peg /p'eg/ (pegs pegging pegged)
1 [N-COUNT]
A peg is a small hook or knob that is attached to a wall or door and is used for hanging things on.
His work jacket hung on the peg in the kitchen.
2 [N-COUNT]
A peg is a small device which you use to fasten clothes to a washing line. (mainly BRIT; in AM, usually use clothespin)
3 [N-COUNT]
A peg is a small piece of wood or metal that is used for fastening something to something else.
He builds furniture using wooden pegs instead of nails.
4 [VERB] V n prep/adv, V n with adv, V-ed prep
If you peg something somewhere or peg it down, you fix it there with pegs.
...trying to peg a double sheet on a washing line on a blustery day...
Peg down netting over the top to keep out leaves.
...a tent pegged to the ground nearby for the kids.
5 [VERB] be V-ed to n, be V-ed at n, V n at amount, V-ed
If a price or amount of something is pegged at a particular level, it is fixed at that level.
Its currency is pegged to the dollar...
UK trading profits were pegged at £40 million...
The Bank wants to peg rates at 9%.
...a pegged European currency.
see also level-pegging
6 [PHRASE] PHR n, PHR after v
Off-the-peg clothes are made in large numbers and sent to shops, not made specially for a particular person. (BRIT; in AM, use off-the-rack)
...an off-the-peg two-piece suit...
made-to-measureclothes peg (clothes pegs)
[N-COUNT]
A clothes peg is a small device which you use to fasten clothes to a washing line. (BRIT; in AM, use clothespin)

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