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pegMain Entry: 1peg Pronunciation: \ˈpeg\ Function: noun Etymology: Middle English pegge, probably from Middle Dutch Date: 15th century 1 a : a small usually cylindrical pointed or tapered piece (as of wood) used to pin down or fasten things or to fit into or close holes : pin, plug b British : clothespin c : a predetermined level at which something (as a price) is fixed
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