\ ˈpeg How to pronounce peg (audio) \

Definition of peg

 (Entry 1 of 4)

1a : 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 (such as a price) is fixed
2a : a projecting piece used as a support or boundary marker
b : something (such as a fact or issue) used as a support, pretext, or reason a news peg for the story
3a : one of the movable wooden pegs set in the head of a stringed instrument (such as a violin) that are turned to regulate the pitch of the strings — see violin illustration
b : a step or degree especially in estimation
4 : a pointed prong or claw for catching or tearing
5 British : drink poured himself out a stiff peg— Dorothy Sayers
6 : something (such as a leg) resembling a peg
7 : throw especially : a hard throw in baseball made in an attempt to put out a base runner


pegged; pegging

Definition of peg (Entry 2 of 4)

transitive verb

1a : to put a peg into
b British : to pin (laundry) on a clothesline
2 : to attach or fix as if with a peg: such as
a : to pin down : restrict
b : to fix or hold (something, such as prices or wage increases) at a predetermined level or rate
c : to place in a definite category : identify was pegged as an intellectual
3 : to mark by pegs
4 : throw

intransitive verb

1 : to work steadily and diligently often used with away
2 : to move along vigorously or hastily : hustle
variants: or pegged

Definition of peg (Entry 3 of 4)

: wide at the top and narrow at the bottom peg pants

Definition of PEG (Entry 4 of 4)

polyethylene glycol

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Examples of peg in a Sentence

Noun Her coat hung on a peg by the door. took the arrogant student down a peg Verb Is the tent pegged down all the way? peg the price of wheat at its current level His bonus is pegged to how many sales he makes each year for the company.
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Recent Examples on the Web: Noun Kushner's temporary security clearance was knocked down a peg last week while the investigation of his full security clearance continues, which could significantly hamper his ability to do his job. Amber Phillips, Washington Post, "Jared Kushner has gotten away with more security clearance omissions than most federal employees," 28 Feb. 2018 Since a 1997 dollar peg set by the Central Bank, Lebanese pounds have been fixed at an exchange rate of 1,500 pounds to the U.S. dollar. Washington Post, "Lebanon’s vital tourism industry takes huge hit amid turmoil," 20 Dec. 2019 The pegs help prevent the details from falling out, too. Kelly Allen, House Beautiful, "Target’s Snowman Kit Adds the Finishing Touches to Your Snowman," 11 Dec. 2019 Betting that a currency peg would break became a signature hedge-fund trade. The Economist, "Buttonwood Do not write off the macro hedge-fund manager just yet," 28 Nov. 2019 This one has bins in place of the eighth row and possesses traditional equal-probability pegs. Quanta Magazine, "Solution: ‘Randomness From Determinism’," 22 Nov. 2019 Boson sampling replaces the balls with photons and the pegs with optical devices such as mirrors and prisms. Daniel Garisto, Scientific American, "Quantum Computer Made from Photons Achieves a New Record," 6 Nov. 2019 One time peg for any potential new agreements has been before the U’s Board of Regents’ meetings each December. Andy Greder, Twin Cities, "Gophers football coach P.J. Fleck on track for a new contract," 16 Oct. 2019 Within the first quarter, Brady also moved into the No. 2 spot on the NFL’s passing yardage list, bumping Peyton Manning down a peg. Maria Pasquini,, "Tom Brady Breaks NFL Record for Oldest Player to Score Multiple Rushing Touchdowns in a Game," 11 Oct. 2019 Recent Examples on the Web: Verb The local currency has taken a nose dive, losing more than 40% of its value after over 20 years of being pegged to the dollar. Washington Post, "Lebanese protesters turn their ire on banks," 28 Dec. 2019 While the average base selling price per square foot in NCR is pegged at Rs4,565, this is more than double in MMR at Rs10,610 per sq ft. Anuj Puri, Quartz India, "In the Delhi versus Mumbai real estate debate, there’s no easy answer," 19 Dec. 2019 There is also plenty of dancing, singing, and all-in-good-fun comments, such as those directed toward the biggest man in the group, who is inevitably pegged as Tiny Tim., "‘Christmas Carol’ on a trolley? Bah, humbug, and fun - The Boston Globe," 13 Dec. 2019 Though the Lebanese pound is still officially pegged at 1,500 to the dollar, in practice the peg no longer exists: traders charge 2,000 pounds or more. The Economist, "Reverse contagion As Lebanon’s economy drowns in debt, Syria’s begins to sink as well," 12 Dec. 2019 At present, the village can only raise property tax rates in line with the cost of living, which is pegged to the consumer price index. Jesse Wright,, "Trustees approve posing home rule question to voters, but fear property tax hike may loom," 10 Dec. 2019 Although the initial cost to install turf is greater than grass — the cost of the East project is pegged at about $1.6 million — the district said grass field maintenance costs are twice that of turf surfaces. Bob Dohr, Milwaukee Journal Sentinel, "As part of a $5.4 million plan in athletic upgrades, Brookfield East will get artificial turf," 1 Nov. 2019 The interest rates on federal student loans are pegged to the 10-year Treasury Note based on the last auction in May and would reset as of July 1, said Mark Kantrowitz, publisher and vice president of research for Susan Tompor, Detroit Free Press, "Federal Reserve slashes interest rates for third time in a row: What it means for you," 30 Oct. 2019 Rockville senior Chris Mierez, who was pegged as the team’s lead running back in the preseason, scored both touchdowns. Shawn Mcfarland,, "High school football: Maloney has its quarterback, Rockville is king of the Pequot Conference (for now), and other takeaways from Week 3," 29 Sep. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'peg.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of peg


15th century, in the meaning defined at sense 1a


1543, in the meaning defined at transitive sense 1a


1681, in the meaning defined above

History and Etymology for peg


Middle English pegge, probably from Middle Dutch

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Learn More about peg

Time Traveler for peg

Time Traveler

The first known use of peg was in the 15th century

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Statistics for peg

Last Updated

11 Jan 2020

Cite this Entry

“Peg.” The Dictionary, Merriam-Webster Inc., Accessed 17 January 2020.

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More Definitions for peg

Financial Definition of PEG

What It Is

The PEG ratio is a derivative of the P/E ratio that takes into account future growth in earnings.

How It Works

The formula for the PEG ratio is:

PEG Ratio = Price-to-Earnings (P/E) Ratio / Annual Earnings Per Share Growth

The PEG ratio uses the basic format of the P/E ratio for a numerator and then divides by the potential growth for the stock. The two ratios may seem to be very similar but you can see the obvious difference with a calculation.

Let us take Company XYZ stock. Say XYZ is currently trading with a P/E ratio of 30. Typically, this would be considered an "expensive" stock. But let's also assume analysts forecast growth in earnings per share of +40% for the next year.

In this case, XYZ's PEG ratio would be:

PEG Ratio = 30 (P/E ratio) / +40% (earnings growth) = 0.75

A rule of thumb is that any PEG ratio below 1.0 is considered to be a good value. So even though XYZ is highly valued based on the P/E ratio, the PEG ratio says that it is undervalued relative to its growth potential.

For more explanation of how to use the PEG ratio in conjunction with other valuation ratios, please read our educational article Don't Be Misled By the P/E Ratio.

Why It Matters

The PEG ratio acts as a measure of value that takes into account future growth. Using this metric, investors can gauge whether high-growth stocks may be undervalued, even if they don't appear so with the more common P/E ratio.

Source: Investing Answers


How to pronounce PEG (audio)

English Language Learners Definition of peg

 (Entry 1 of 2)

: a small piece of wood, metal, or other material that is used to hold or fasten things or to hang things on
: a wooden piece in a musical instrument (such as a violin) that is turned to tighten or loosen a string



English Language Learners Definition of peg (Entry 2 of 2)

: to fasten (something) with pegs
: to put a peg into (something)
: to keep (something, such as a price) at a particular level or rate


\ ˈpeg How to pronounce peg (audio) \

Kids Definition of peg

 (Entry 1 of 2)

1 : a small stick or rod (as of wood or metal) used especially to fasten things together or to hang things on
2 : a piece driven into the ground to mark a boundary or to hold something He pounded in a peg for a tent rope.
3 : a level in approval or esteem The new kid took that bragger down a peg.


pegged; pegging

Kids Definition of peg (Entry 2 of 2)

1 : to mark or fasten with a small stick or rod driven into a surface
2 : to work hard I keep pegging away at my job.

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Medical Definition of PEG

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More from Merriam-Webster on peg

Thesaurus: All synonyms and antonyms for peg

Rhyming Dictionary: Words that rhyme with peg

Spanish Central: Translation of peg

Nglish: Translation of peg for Spanish Speakers

Britannica English: Translation of peg for Arabic Speakers

Comments on peg

What made you want to look up peg? Please tell us where you read or heard it (including the quote, if possible).


a plan in which a last survivor takes all

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