peg
pronunciation
How to pronounce peg in British English:
UK [peɡ]
How to pronounce peg in American English:
US [peɡ]
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- Noun:
- a wooden pin pushed or driven into a surface
- small markers inserted into a surface to mark scores or define locations etc.
- informal terms of the leg
- a prosthesis that replaces a missing leg
- regulator that can be turned to regulate the pitch of the strings of a stringed instrument
- a holder attached to the gunwale of a boat that holds the oar in place and acts as a fulcrum for rowing
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- Verb:
- succeed in obtaining a position
- pierce with a wooden pin or knock or thrust a wooden pin into into
- fasten or secure with a wooden pin
- stabilize (the price of a commodity or an exchange rate) by legislation or market operations
Word Origin
- peg (n.)
- mid-15c., from Middle Dutch pegge "peg," a common Low German word (Low German pigge "peg," German Pegel "gauge rod, watermark," Middle Dutch pegel "little knob used as a mark," Dutch peil "gauge, watermark, standard"), of uncertain origin; perhaps from PIE *bak- "staff used as support" (see bacillus). To be a square peg in a round hole "be inappropriate for one's situation" is attested from 1836; to take someone down a peg is from 1580s, but the original literal sense is uncertain (most of the likely candidates are not attested until centuries later). Peg leg "wooden leg" attested from 1765.
- peg (v.)
- "fasten with or as if on a peg," 1590s, from peg (n.). Slang sense of "identify, classify" first recorded 1920. Related: Pegged; pegging.
Example
- 1. Yet abandoning the peg only adds to the pressure on the dollar .
- 2. The discipline of the peg effectively cedes monetary policy to the us federal reserve .
- 3. For months the rich world 's policymakers have quietly pressed china to abandon its exchange-rate peg with the dollar .
- 4. It then dropped its peg to the dollar and defaulted on its debt .
- 5. This is the highest level yet since it was freed from its peg to the dollar in july last year .