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.
• 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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