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    Peg
    /peɡ/

    noun

    • 1. a short cylindrical piece of wood, metal, or plastic, typically tapered at one end, that is used for holding things together, hanging things on, or marking a position.
    • 2. a point or limit on a scale, especially of exchange rates: "the Mexican peso, linked to the dollar by a crawling peg, was distinctly too high"

    verb

    • 1. fix or make fast with a peg or pegs: "drape individual plants with nets, pegging down the edges" Similar fixpinattachfasten
    • 2. fix (a price, rate, or amount) at a particular level. Similar hold downkeep downfixset