noun, verb, pegged, peg⋅ging, adjective | 1. | a pin of wood or other material driven or fitted into something, as to fasten parts together, to hang things on, to make fast a rope or string on, to stop a hole, or to mark some point. |
| 2. | Informal. a leg, either real or wooden: still on his pegs at 99. |
| 3. | a notch or degree: to come down a peg. |
| 4. | an occasion, basis, or reason: a peg to hang a grievance on. |
| 5. | Also called pin. 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. |
| 6. | Informal. a throw, esp. in baseball: The peg to the plate was late. |
| 7. | news peg. |
| 8. | Economics. the level at which some price, exchange rate, etc., is set. |
| 9. | British, Anglo-Indian. an alcoholic drink, esp. a whiskey or brandy and soda. |
| 10. | British. clothespin. |
| 11. | to drive or insert a peg into. |
| 12. | to fasten with or as with pegs. |
| 13. | to mark with pegs. |
| 14. | to strike or pierce with or as with a peg. |
| 15. | to keep (the commodity price, exchange rate, etc.) at a set level, as by manipulation or law. |
| 16. | Informal. to throw (a ball). |
| 17. | Journalism. to base (an article, feature story, etc.) upon; justify by (usually fol. by on): The feature on the chief of police was pegged on the riots. |
| 18. | Informal. to identify: to peg someone as a good prospect. |
| 19. | to work or continue persistently or energetically: to peg away at a homework assignment. |
| 20. | Informal. to throw a ball. |
| 21. | Croquet. to strike a peg, as in completing a game. |
| 22. | Also, pegged. tapered toward the bottom of the leg: peg trousers. |
| 23. | take down a peg, to reduce the pride or arrogance of; humble: I guess that'll take him down a peg! |

| 1. | a news story that forms the basis of or justification for a feature story, editorial, political cartoon, or the like. |
| 2. | the reference in a feature story, editorial, or the like, to the newsworthy event that underlies or justifies it. |
| Main Entry: | peg1 |
| Part of Speech: | n |
| Definition: | See news peg |
peg (so)
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peg
To fix the price of a new security issue during the issuance period through buying and selling it in the open market in order to ensure that the price in the secondary market will not fall below the offering price. Also called holding the market, price stabilization, stabilize. See also stabilization period.
To fix the rate at which foreign currencies exchange with one another.
peg
In addition to the idiom beginning with peg, also see square peg in a round hole; take down a notch (peg).
PEG
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