peg (pegs plural & 3rd person present) (pegging present participle) (pegged past tense & past participle )
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 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... V n prep/adv
Peg down netting over the top to keep out leaves. V n with adv
...a tent pegged to the ground nearby for the kids. V-ed prep
5 verb 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... be V-ed to n
UK trading profits were pegged at £40 million... be V-ed at n
The Bank wants to peg rates at 9%. V n at amount
...a pegged European currency. V-ed
→
level-pegging
6 Off-the-peg clothes are made in large numbers and sent to shops, not made specially for a particular person.
(BRIT)
♦
off the peg phrase PHR n, PHR after v (Antonym: made-to-measure)
...an off-the-peg two-piece suit...
in AM, use off-the-rack