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2peg verb
pegs; pegged; peg·ging
[+ obj] 1 a : to fasten (something) with pegs
Is the tent pegged down all the way? (Brit) She was outside pegging the laundry to the clothesline.
b : to put a peg into (something)
He pegged the boards.
2 a : to keep (something, such as a price) at a particular level or rate
peg the price of wheat at its current level
b : to link (something) to another amount or value
The foreign currency is pegged to the U.S. dollar. [=its value changes when the U.S. dollar's value does] His bonus is pegged to how many sales he makes each year for the company.
3 informal : to think of or identify (someone) as a certain kind of person
The salesman had me pegged [=understood what kind of person I am] in a matter of minutes.usually + as She pegged him right away as a nice guy.sometimes + for She had him pegged for a liar.
4 US, informal : 1throw
He pegged the ball to first base.
peg away
[phrasal verb] chiefly Brit, informal : to work hard — usually + at He sat there pegging away at his homework.
peg out
[phrasal verb] Brit, informal : to die
He doesn't want to peg out because of somebody else's mistakes.

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