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peg

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verb [transitive] peg pronunciation in American English /peɡ/ 
Word Forms
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present tense
I/you/we/theypeg
he/she/itpegs
present participlepegging
past tensepegged
past participlepegged
  1. 1
    economics to keep prices, salaries, or the amount of something at a particular level, often in relation to something else
    peg something at something:

    OPEC oil producers pegged the cartel's output at 26.6 million barrels per day.

    peg something to something:

    The country's peso is pegged to the dollar.

  2. 2
    informal to consider someone as being a particular type of person or having particular qualities
    peg someone as something:

    We had him pegged from the start as a liar and a fraud.

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chicken raffle

any random process, such as a competition in which a name is drawn from a hat

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