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Finance Dictionary and Glossary of Investment Terms
Pegging
Definition 1.
Making transactions in a security, currency, or commodity in order to stabilize or target its value through market intervention.
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Definition 2.
Holding prices or exchange rates fixed over some time period.
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Definition 3.
1. A method of stabilizing a country's currency by fixing its exchange rate to that of another country.2. A practice of buying large amounts of an actual commodity or security underlying an option close to its expiry date. This is done for the purpose of facilitating a rise in market price.
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