peg

peg
peg peg [peg] verb pegged PTandPPX pegging PRESPARTX [transitive] FINANCE
1. to fix something such as prices or wages at a particular level, or fix them in relation to something else:
peg something at something

• The prices of many holidays have been pegged at last year's levels.

peg something to something

• currencies which are pegged to the dollar

— peg noun [countable usually singular] :

• Banks use the base rate as a peg to set interest rates on loans.

2. to state what you believe an amount to be or what you believe will happen:
peg something at something

• Some analysts peg the losses at $125 million.

peg somebody as something

• Opinion polls peg him as her likely successor.

* * *

Ⅰ.
peg UK US /peg/ noun [C]
► ECONOMICS, FINANCE an official arrangement for a price, currency, etc. to stay at a particular level or within a particular range: peg against sth »

The government removed the currency from its peg against the dollar.

→ See also ADJUSTABLE PEG(Cf. ↑adjustable peg), CRAWLING PEG(Cf. ↑crawling peg), CURRENCY PEG(Cf. ↑currency peg), OFF-THE-PEG(Cf. ↑off-the-peg), SLIDING PEG(Cf. ↑sliding peg)
Ⅱ.
peg UK US /peg/ verb [T] (-gg-)
► ECONOMICS, FINANCE to officially control prices, income levels, currencies, etc. by keeping them at a particular level or within a particular range: peg sth at sth »

Interest on the loan is pegged at 1.75% above base rate.

 peg sth to sth »

Many of the world's currencies are pegged to the US dollar.

→ Compare FREEZE(Cf. ↑freeze) verb
► US to guess the cost, amount, or level of something: »

Future costs stemming from those lawsuits have been pegged as high as $8 billion.


Financial and business terms. 2012.

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