Tapering toward teh bottom; as, pegged pants.

How the pants are tapered and fit tight around the ankles.

A system where a currency's value is tied with another, for example the Chinese Yuan with the US Dollar. Most pegs are allowed to deviate within a small band.

A system to stabilize a country's currency by making it fixed to another country's currency rate.

A system where a currency moves in line with another currency, some pegs are strict while others have bands of movement.