Define: Pegging

Business, Legal & Accounting Glossary

Definition: Pegging



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Full Definition of Pegging


The term pegging, derived from the verb “to peg” (to hold stable or fixed), has multiple definitions when used alone.

  • As a financial term, pegging refers to when a country fixes the exchange rate between its currency and another country’s, or to fix wages at a set rate. This is by far the most common use of the term.
  • As in gardening (or similarly), pegging is used to describe affixing something (such as a growing plant, or hanging laundry) to a peg, stake, or line for stability. This is the second most common use of the term.
  • As a sexual term, pegging is a neologism referring to a woman using a strap-on dildo to penetrate a man’s anus, and may sometimes be used for female-female strap-on anal sex.
  • In cribbage, pegging is the same as scoring, and refers to the use of pegs to keep score; pegging out is to win the game.
  • In clockmaking, pegging out can also refer to putting a sharpened piece of peg wood into a clock plate hole and rotate to clean the hole.
  • In sport, pegging is the act of attaching a peg to a person’s clothing. It is often used by groups of people as a bonding activity, but can sometimes be used maliciously to single people out.

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Cite Term


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Page URL
https://payrollheaven.com/define/pegging/
Modern Language Association (MLA):
Pegging. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/pegging/.
Chicago Manual of Style (CMS):
Pegging. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/pegging/ (accessed: April 06, 2020).
American Psychological Association (APA):
Pegging. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/pegging/

Definition Sources


Definitions for Pegging are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020