You may have heard of the term ‘pegging’, but what does it mean and is it a little weird? We asked the experts all the questions you secretly wanted to know – so you don't have to... Salaries and stipends must be pegged to the actual cost of living with automatic raises to compensate for inflation. We pegged ourselves, when giving plots we used a tape measure. The hardships of the early 1990s with the pegged exchange rate were still clearly in people's memory, and nobody wanted to see them again. What does the word pegged mean? According to Collins English Dictionary, the American Heritage Dictionary of the English Language, and Word Sense, the word pegged is the past tense form of the verb peg. Peg has a plethora of different definitions and occasions of usage. Informal Terms to throw (a ball) forcefully:[~ + object] pegged the ball to second base. Informal Terms to identify; label; classify:[~ + object + as + object] She pegged him as a loser. peg away, [no object] to work continuously or for a long time at something: pegging away at his homework.
