noun

1. A cylindrical wooden or metal object used to fasten or as a bearing between objects.

2. Measurement between the pegs: after killing an animal hunters used the distance between a peg near the animal's nose and one near the end of its tail to measure its body length.

3. A protrusion used to hang things on.

   “Hang your coat on the peg and come in.”

Synonyms: shot

verb

1. To fasten using a peg.

   “Let's peg the rug to the floor.”

2. To affix or pin.

   “I found a tack and pegged your picture to the bulletin board.”

3. To fix a value or price.

   “China's currency is no longer pegged to the American dollar.”