<p><strong>Noun</strong></p><ul><li>a pin of wood or other material driven or fitted into something, as to fasten parts together, to hang things on, to make fast a rope or string on, to stop a hole, or to mark some point.</li><li>Informal: a leg, either real or wooden.</li><li>a notch or degree: to come down a peg.</li><li>an occasion, basis, or reason: a peg to hang a grievance on.</li><li>Also: Music: a pin of wood or metal in the neck of a stringed instrument that may be turned in its socket to adjust a string's tension.</li><li>Informal: a throw, especially in baseball.</li><li>news peg.</li><li>Economics: the level at which some price, exchange rate, etc., is set.</li><li>British, Indian English: an alcoholic drink, especially a whiskey or brandy and soda.</li><li>British: clothespin.</li></ul>