peg

Meanings

1. 1
   verb

   stabilize the price of a commodity or an exchange rate relative to another

   The weak currency was pegged to the US Dollar

2. 2
   verb

   fasten or secure with a wooden pin

   peg a tent

3. 3
   noun

   A protrusion used to hang things on.

   Hang your coat on the peg and come in.

4. 4
   noun

   A support; a reason; a pretext.

   a peg to hang a claim upon

5. 5
   noun

   A fixed exchange rate, where a currency's value is matched to the value of another currency or measure such as gold.

   The following became obvious quite quickly – the cryptosphere needed a nonvolatile peg.

6. 6
   noun

   A small quantity of a strong alcoholic beverage.

   This over, the club will be visited for a "peg," Anglice drink.

7. 7
   noun

   A leg or foot.

   "Now I'm cleaned up for thee: tha's no 'casions ter stir a peg all day, but sit and read thy books."

8. 8
   noun

   One of the pins of a musical instrument, on which the strings are strained.

   O, you are well tuned now! / But I'll set down the pegs that make this music, / As honest as I am.

Etymology

From Middle English pegge, from Middle Dutch pegge (“pin, peg”), from Old Dutch *pigg-, *pegg-, from Proto-Germanic *pig-, *pag- (“peg, stake”), from Proto-Indo-European *bak-, *baḱ- (“club, pointed stick, peg”). Cognate with Dutch dialectal peg (“pin”), Low German pig, pigge (“peg, stick with a point”), Low German pegel (“post, stake”), Swedish pigg (“tooth, spike”), Danish pig (“spike”), Norwegian Bokmål pigg (“spike”), Irish bac (“stick, crook”), Latin baculum (“staff”), Latvian bakstît (“to poke”), Ancient Greek βάκτρον (báktron, “staff, walking stick”). Related to beak. This is one of the…