To fasten soemthing to the ground using pegs.(verb)
To identify clearly(verb)
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Use "peg down" in a sentence
"Some people "would give half" your stock "for carnations" – as you would perhaps, if you had the money; and some "don't like zinnias" – useful as they are when you cannot afford a background from the tropics; and others "would peg down the verbenas" – as you would, if you could get a minute's time."