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Salaries and stipends must be pegged to the actual cost of living with automatic raises to compensate for inflation. We pegged ourselves, when giving plots we used a tape measure. The hardships of the early 1990s with the pegged exchange rate were still clearly in people's memory, and nobody wanted to see them again. Pegged definition: expected to do or be something, based on an assumption or stereotype or past behavior (followed by for or an infinitive): This was a team pegged for greatness before they even set foot on the practice field.. Johnson puts it elegantly: “Anyone can peg or be pegged as long as you have a strap-on dildo and an anus. It doesn’t matter about your sexuality, as long as you and your partner want to and are enjoying it then peg away!” Yep, pegging is an equal opportunities act. Why might pegging be a turn-on? There are a few things at play here that could make ‘pegging’ an exciting detour from your regular repertoire. First of all, there’s the shift in power dynamics. “Pegging,” says ... Informal Terms to throw (a ball) forcefully:[~ + object] pegged the ball to second base. Informal Terms to identify; label; classify:[~ + object + as + object] She pegged him as a loser. peg away, [no object] to work continuously or for a long time at something: pegging away at his homework.