Business, Legal & Accounting Glossary
When the price of a security, commodity, or currency is fixed at a certain amount either by agreement, or intervention in the market. This is commonly used to stabilize or fix currency exchange rates, for example many international currencies are pegged to the U.S. dollar. Securities price pegging is however illegal, and regulated by the Securities and Exchange Commission.
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This glossary post was last updated: 16th November, 2021 | 0 Views.