PEGGED AT Meaning and
Definition
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Pegged at is a phrase commonly used to describe a fixed or determined value or rate of something. It suggests that a particular amount or level has been established and will not be altered without deliberate intervention.
In financial terms, when an asset or currency is pegged at a certain value, it means that its price is intentionally set or limited to a specific level. This can be done to maintain stability, control fluctuations, or align with other currencies or economic factors. For example, a country may peg its currency to that of another more stable currency to ensure a steady exchange rate.
The phrase can also apply to non-financial contexts. In sports, for instance, if a team's performance or potential is pegged at a certain level, it means that they are consistently expected to achieve or maintain that level of performance. Similarly, in the business world, when a company's market value is pegged at a specific amount, it indicates that investors or analysts believe that the company is worth that set value.
Overall, to be pegged at something implies a fixed or predetermined measure, value, or expectation. This can be seen in various domains, including finance, sports, and business, where a specific benchmark or limit is established and maintained.
Common Misspellings for PEGGED AT
- oegged at
- legged at
- -egged at
- 0egged at
- pwgged at
- psgged at
- pdgged at
- prgged at
- p4gged at
- p3gged at
- pefged at
- pevged at
- pebged at
- pehged at
- peyged at
- petged at
- pegfed at
- pegved at
- pegbed at
- peghed at
Etymology of PEGGED AT
The term "pegged at" is a phrase derived from the verb "peg" in its figurative sense. The verb "peg" has its origins in the Old English word "pegge", which referred to a small, pointed wooden pin or fastener. Over time, "peg" evolved to encompass several related meanings, one of which is to fix or attach something firmly in place. In the context of "pegged at", it conveys the idea of fixing a value or measurement at a particular point or level.
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