peg
Definitions
General English
- noun a small wooden or metal object used for holding something in place
- verb to attach something with a peg
Accounting
- verb to maintain or fix something at a specific level
Construction
- A pointed pin of wood used to fasten wood members together.
- A short, pointed wooden stick used as a marker by surveyors.
Cricket
- noun a stump
Citation ‘A loose one on the leg side was neatly turned for a couple, the next went perilously near his off peg’ (Jack Hobbs,
The Test Match Surprise 1926)
Economics
- To maintain a pegged exchange rate; thus to set a currency's value within a narrow range.
- The par value of a pegged exchange rate.
Forex
- A fixed exchange rate of one currency relative to another currency or to the price of a valuable commodity like gold. Although the relative value of most currencies now floats depending on supply and demand factors in the forex market, a country might peg its currency to that of a major trading partner.
- verb to fix the value or level of something and prevent it from changing
Agriculture
- acronym forproduction entitlement guarantee
(written as PEG)
- noun a proposed alternative to current agricultural subsidy schemes, in which each farmer’s subsidy payment is limited to a fixed proportion of their historical output, with market forces determining any payment on top of this.
Business
- acronym forprice to earnings growth ratio
(written as PEG)
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