noun
- the action of fastening something with pegs
- the practice of fixing a currency’s exchange rate to another currency
Usage: economics
verb
- present participle of peg; fastening or securing with pegs
- fixing a price, rate, or value at a particular level
Usage: economics
Examples
- She was pegging the wet clothes to the line.
- The government is pegging the minimum wage to inflation.
- The pegging of the tent required several strong stakes.
- Currency pegging helps stabilize international trade.
- He spent the morning pegging down the tarp before the storm.
- The central bank announced the pegging of their currency to the dollar.