1a short pin or bolt, typically tapered at one end, that is used for securing something in place, hanging things on, or marking a position:she put her mack on a peg in the hall
(also tent peg) a pin or bolt driven into the ground to hold one of the ropes or corners of a tent in position.
2a point or limit on a scale, especially of exchange rates:the Mexican peso, linked to the dollar by a crawling peg, was distinctly too high
3chiefly Indian a measure of spirits:have a peg of whisky
4a place marked by a peg and allotted to a competitor to fish or shoot from.
5 informal a person’s leg:I have a good right peg and the ball ended up in the back of the net
6chiefly Baseball a strong throw.
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Universal
1 [with object and adverbial] fix, secure, or mark with a peg or pegs:drape plants with nets, pegging down the edges
hang (washing) on a line with clothes pegs:clothes were pegged out on a line
allot a specified place to (a competitor) in a fishing or shooting competition by means of a marker:we’ve been pegged next to the winning team
2 [with object] fix (a price, rate, or amount) at a particular level:the dividend was pegged at 23.59p
informal, chiefly North American form a fixed opinion of; categorize:the officer probably has us pegged as anarchists
3chiefly Baseball throw (a ball) hard and low:the catcher pegs the ball to the first baseman
off the peg
British (of clothes) ready-made: [as modifier]:budget off-the-peg outfits
a peg to hang something on
something used as a pretext or occasion for the treatment of a wider subject:he is used as a peg on which to hang the intricate meshwork of diplomatic relations
a square peg in a round hole
a person in a situation unsuited to their abilities or character:low self-esteem can be exacerbated by a sense of being a square peg in a round hole
take (or bring) someone down a peg or two
make someone realize that they are less talented or important than they think they are:good to see United taken down a peg or two last evening
peg away
informal work hard at or try to achieve something over a long period:the South African attack kept pegging away
peg someone back
reduce or eradicate the lead of an opponent in a contest:they were pegged back by an equalizer from Jameson
peg out
1 informal, chiefly British die:she looked as if she might peg out any moment
2score the winning point at cribbage.
3 Croquet hit the peg with the ball as the final stroke in a game.
peg something out
mark the boundaries of an area of land:I went out to peg out our assembly area