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Pegged: meaning, definitions and examples

๐Ÿ“Œ
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pegged

 

[ pษ›gโ€™d ]

Verb / Adjective
Context #1 | Verb

financial context

The term 'pegged' in finance refers to the practice of fixing the value of a currency to that of another major currency, often to stabilize exchange rates. This mechanism allows countries to maintain a consistent inflation rate and encourages foreign investment by reducing the uncertainty associated with fluctuations in currency values. When a currency is pegged, it is tied to a specific value, which can often lead to economic stability or a loss of monetary policy independence. Various countries adopt pegged exchange rates for different reasons, including trade relationships and economic stability.

Synonyms

attached, fixed, tied

Examples of usage

  • The dollar is pegged to the euro.
  • The government decided to keep the currency pegged to the US dollar.
  • Many small economies peg their currencies to larger, more stable currencies.
Context #2 | Adjective

social context

In informal terms, 'pegged' can refer to a person being designated or categorized in a specific way, often related to social roles or expectations. This usage implies a sense of being labeled or assigned a particular identity in social contexts, often based on observable traits or behaviors. It can carry a connotation of being stereotyped or boxed into a particular category, limiting one's perceived potential or opportunities.

Synonyms

classified, labeled, tagged

Examples of usage

  • She felt pegged as the shy girl in class.
  • He was pegged by his peers as the class clown.
  • Don't let others peg you into a specific role.

Translations

Translations of the word "pegged" in other languages:

๐Ÿ‡ต๐Ÿ‡น fixado

๐Ÿ‡ฎ๐Ÿ‡ณ เคซเคฟเค•เฅเคธเฅเคก

๐Ÿ‡ฉ๐Ÿ‡ช festgelegt

๐Ÿ‡ฎ๐Ÿ‡ฉ dijatuhkan

๐Ÿ‡บ๐Ÿ‡ฆ ะทะฐะบั€ั–ะฟะปะตะฝะธะน

๐Ÿ‡ต๐Ÿ‡ฑ przypiฤ™ty

๐Ÿ‡ฏ๐Ÿ‡ต ๅ›บๅฎšใ•ใ‚ŒใŸ

๐Ÿ‡ซ๐Ÿ‡ท fixรฉ

๐Ÿ‡ช๐Ÿ‡ธ fijado

๐Ÿ‡น๐Ÿ‡ท sabit

๐Ÿ‡ฐ๐Ÿ‡ท ๊ณ ์ •๋œ

๐Ÿ‡ธ๐Ÿ‡ฆ ู…ุฑุจูˆุท

๐Ÿ‡จ๐Ÿ‡ฟ upevnฤ›nรฝ

๐Ÿ‡ธ๐Ÿ‡ฐ upevnenรฝ

๐Ÿ‡จ๐Ÿ‡ณ ๅ›บๅฎš็š„

๐Ÿ‡ธ๐Ÿ‡ฎ pritrjen

๐Ÿ‡ฎ๐Ÿ‡ธ festaรฐur

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฑะตะบั–ั‚ั–ะปะณะตะฝ

๐Ÿ‡ฌ๐Ÿ‡ช แƒจแƒ”แƒขแƒงแƒแƒ‘แƒ˜แƒœแƒ”แƒ‘แƒฃแƒšแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ sabit

๐Ÿ‡ฒ๐Ÿ‡ฝ fijado

Word origin

The word 'peg' originates from Middle English, derived from the Old Norse word 'peggr,' which means a wooden pin or stake. The modern verb form became associated with fixing or fastening something in place, akin to how one would secure a tent or a structure with pegs. Over time, particularly in the economic context, the term evolved to describe the practice of fixing currency values, reflecting a broader application of the original idea of securing or stabilizing. The use of 'pegged' in financial terminology began gaining prominence in the late 20th century as global financial markets became more interconnected and the need for stable currency exchange rates became paramount for many nations. The metaphorical extension of pegging, in social contexts, reflects society's tendency to categorize individuals based on perceived traits or roles, showcasing how language adapts over time to encompass new meanings and usages.

Word Frequency Rank

Positioned at #21,420, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.