What is a peg used for?

a peg to hang a grievance on. Also. Music. a pin of wood or metal in the neck of a stringed instrument that may be turned in its socket to adjust a string's tension. The peg to the plate was late. news peg. Economics. the level at which some price, exchange rate, etc., is set.

What does peg mean?

: a tapered wooden piece in a musical instrument (as a violin) that is turned to tighten or loosen a string to adjust pitch : to fix or hold (as prices) at a level or rate of increase Nglish: Translation of peg for Spanish Speakers Britannica English: Translation of peg for Arabic Speakers Love words? Need even more definitions?

What is a peg STH?

peg sth at sth Interest on the loan is pegged at 1.75% above base rate. peg sth to sth Many of the world's currencies are pegged to the US dollar. Future costs stemming from those lawsuits have been pegged as high as $8 billion. It is assumed that the peg is infinitely rigid, and thus, deformation appears on the cart side only.