"pegs" in the noun sense
1. peg, nog
a wooden pin pushed or driven into a surface
2. peg, pin
small markers inserted into a surface to mark scores or define locations etc.
3. pin, peg, stick
informal terms for the leg
"fever left him weak on his sticks"
4. peg, wooden leg, leg, pegleg
a prosthesis that replaces a missing leg
5. peg
regulator that can be turned to regulate the pitch of the strings of a stringed instrument
6. peg, pin, thole, tholepin, rowlock, oarlock
a holder attached to the gunwale of a boat that holds the oar in place and acts as a fulcrum for rowing
"pegs" in the verb sense
1. nail down, nail, peg
succeed in obtaining a position
"He nailed down a spot at Harvard"
2. peg
pierce with a wooden pin or knock or thrust a wooden pin into
3. peg, peg down
fasten or secure with a wooden pin
"peg a tent"
4. peg
stabilize (the price of a commodity or an exchange rate) by legislation or market operations
"The weak currency was pegged to the US Dollar"
Source: WordNet® (An amazing lexical database of English)
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