peg

Meanings

1. 1
   noun

   A short pin or hook used to hang things on or to fasten something in place.

   Hang your coat on the peg and come in.

2. 2
   verb

   To fasten or secure something with a pin or peg.

   They pegged the tent firmly into the ground before the storm.

3. 3
   verb

   To fix the value of a currency or price in relation to another.

   The country pegged its currency to the US dollar.

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…

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