peg


peg
peg peg [peg] verb pegged PTandPPX pegging PRESPARTX [transitive] FINANCE
1. to fix something such as prices or wages at a particular level, or fix them in relation to something else:
peg something at something

• The prices of many holidays have been pegged at last year's levels.

peg something to something

• currencies which are pegged to the dollar

— peg noun [countable usually singular] :

• Banks use the base rate as a peg to set interest rates on loans.

2. to state what you believe an amount to be or what you believe will happen:
peg something at something

• Some analysts peg the losses at $125 million.

peg somebody as something

• Opinion polls peg him as her likely successor.

* * *

Ⅰ.
peg UK US /peg/ noun [C]
ECONOMICS, FINANCE an official arrangement for a price, currency, etc. to stay at a particular level or within a particular range: peg against sth »

The government removed the currency from its peg against the dollar.

See also ADJUSTABLE PEG(Cf. ↑adjustable peg), CRAWLING PEG(Cf. ↑crawling peg), CURRENCY PEG(Cf. ↑currency peg), OFF-THE-PEG(Cf. ↑off-the-peg), SLIDING PEG(Cf. ↑sliding peg)
Ⅱ.
peg UK US /peg/ verb [T] (-gg-)
ECONOMICS, FINANCE to officially control prices, income levels, currencies, etc. by keeping them at a particular level or within a particular range: peg sth at sth »

Interest on the loan is pegged at 1.75% above base rate.

peg sth to sth »

Many of the world's currencies are pegged to the US dollar.

Compare FREEZE(Cf. ↑freeze) verb
US to guess the cost, amount, or level of something: »

Future costs stemming from those lawsuits have been pegged as high as $8 billion.


Financial and business terms. 2012.

Look at other dictionaries:

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  • peg — ► NOUN 1) a short projecting pin or bolt used for hanging things on, securing something in place, or marking a position. 2) a clip for holding things together or hanging up clothes. 3) chiefly Indian a measure of spirits. 4) a point or limit on a …   English terms dictionary

  • peg — (n.) mid 15c., from M.Du. pegge peg, a common Low Ger. word of uncertain origin (Cf. Low Ger. pigge peg, M.Du. pegel little knob used as a mark ). The verb meaning fasten with or as if on a peg is first recorded 1590s, from the noun. Slang sense… …   Etymology dictionary

  • Peg — Peg, v. t. [imp. & p. p. {Pegged}; p. pr. & vb. n. {Pegging}.] 1. To put pegs into; to fasten the parts of with pegs; as, to peg shoes; to confine with pegs; to restrict or limit closely. [1913 Webster] I will rend an oak And peg thee in his… …   The Collaborative International Dictionary of English

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  • peg — [peg] noun [C] I 1) British a wooden or plastic object that you use for fastening wet clothes onto a line so that they will dry 2) an object that is fixed to a wall or door and used for hanging things on 3) an object that is used for fastening… …   Dictionary for writing and speaking English

  • peg — /peg/ verb to maintain or fix something at a specific level ♦ to peg a currency to fix an exchange rate for a currency which previously was floating ♦ to peg prices to fix prices to stop them rising ♦ to peg wage increases to the cost of living… …   Dictionary of banking and finance

  • Peg — Peg, v. i. To work diligently, as one who pegs shoes; usually with on, at, or away; as, to peg away at a task. [1913 Webster] …   The Collaborative International Dictionary of English