Longman Dictionary of Contemporary English - pegged

pegging ~ v 1 to fasten something somewhere with a peg 2 to fix prices, wages etc at a particular level, or fix them in relation to something else  (peg sth to)  (Most industrial countries stopped pegging their currencies to the US dollar in the early 1970s.) 3 have sb pegged as especially AmE to regard someone's character in a particular way  (I never had you pegged as an idler.) 4 peg it AmE slang to die peg away at sth phr v T not in passive BrE informal to work hard and with determination  (Vicky's been pegging away at her books all week.) peg out phr v 1 BrE informal to die, or fall down because you are tired 2 T peg something out) BrE to fasten wet clothes to a washing line to dry 3 T peg something out) to mark a piece of ground with wooden sticks