Definition of "Peg" :

noun: a wooden pin pushed or driven into a surface

noun: a holder attached to the gunwale of a boat that holds the oar in place and acts as a fulcrum for rowing

noun: regulator that can be turned to regulate the pitch of the strings of a stringed instrument

noun: a prosthesis that replaces a missing leg

noun: informal terms for the leg

noun: small markers inserted into a surface to mark scores or define locations etc.

verb: stabilize (the price of a commodity or an exchange rate) by legislation or market operations

"The weak currency was pegged to the US Dollar."

verb: fasten or secure with a wooden pin

"Peg a tent."

verb: pierce with a wooden pin or knock or thrust a wooden pin into

verb: succeed in obtaining a position