verb (used with object), un·pegged, un·peg·ging.

  1. to remove the pegs from.
  2. to open, unfasten, or unfix by or as if by removing a peg.
  3. to stop pegging (commodity prices, exchange rates, etc.).

verb -pegs, -pegging or -pegged (tr)

  1. to remove the peg or pegs from, esp to unfasten
  2. to allow (prices, wages, etc) to rise and fall freely

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