Word
pegged
US/ˈpɛɡd/
UK/pˈɛɡd/
Definition
v. to fix or link the value of something to something else. It can also mean to identify or guess who someone is or what they are like.
v. to fix the value of a currency or price in relation to another; to identify or categorise someone or something accurately. Often used in financial contexts or to describe a sudden realization about a person's character.
Examples
“The local currency is pegged to the dollar.”
“I had him pegged as a quiet person until I saw him performing on stage last night.”
“Economists debated whether the central bank should keep the exchange rate pegged to a basket of foreign currencies or allow it to float freely in response to market volatility.”
Examples
simple
“The local currency is pegged to the dollar.”
contextual
“I had him pegged as a quiet person until I saw him performing on stage last night.”
complex
“Economists debated whether the central bank should keep the exchange rate pegged to a basket of foreign currencies or allow it to float freely in response to market volatility.”
Usage
The verb is transitive and often takes the preposition 'to' when referring to prices, or 'as' when referring to character identification.
Pitfall
The price was pegged at the gold
The price was pegged to gold
When linking values, use the preposition 'to' rather than 'at'.
Real-World Examples
“In Serie A, Ruben Amorim’s Milan were pegged back by a 92nd-minute equaliser from Juventus in a 1-1 draw in Turin on Sunday.” Scan code
englishreference.com/q/pegged