noun

• (figurative) A support; a reason; a pretext.
  "a peg to hang a claim upon"
• (cribbage) A peg moved on a crib board to keep score.
• (finance) A fixed exchange rate, where a currency's value is matched to the value of another currency or measure such as gold.
  "The following became obvious quite quickly – the cryptosphere needed a nonvolatile peg."
• (UK) A small quantity of a strong alcoholic beverage.
  "This over, the club will be visited for a "peg," Anglice drink."

verb

• (transitive) To fasten using a peg.
  "Let's peg the rug to the floor."
• (transitive) To affix or pin.
  "I found a tack and pegged your picture to the bulletin board."
• (transitive) To fix a value or price.
  "China's currency is no longer pegged to the American dollar."
• (transitive) To narrow the cuff openings of a pair of pants so that the legs take on a peg shape.

name

• (Canada, slang) Clipping of Winnipeg (city), usually preceded by "the".
  "I just got back from the Peg."

noun

• (chemistry) Acronym of polyethylene glycol.
• (medicine, countable) Initialism of percutaneous endoscopic gastrostomy.
• (uncountable) Initialism of public, educational, and government (access television).
• (computer science, countable) Initialism of parsing expression grammar.
  "This is a form of grammar called a Parsing Expression Grammar (PEG). PEGs use a different form of grammar which can handle most context-free situations and some context-sensitive ones."