noun

 

on wall an object on a wall or door that you hang things on

 

on rope a short piece of wood, plastic, etc that is used to hold clothes on a rope while they dry

 

stick a stick made of metal or wood that has a sharp end and which is used to fix something somewhere

a tent peg

 

verb

 

to fix the cost of borrowing money or the value of a country's money at a particular level

Interest rates were pegged at 8.2 %.