The difference between Peg and Stake
When used as nouns, peg means a cylindrical wooden or metal object used to fasten or as a bearing between objects, whereas stake means a piece of wood or other material, usually long and slender, pointed at one end so as to be easily driven into the ground as a marker or a support or stay.
When used as verbs, peg means to fasten using a peg, whereas stake means to fasten, support, defend, or delineate with stakes.
check bellow for the other definitions of Peg and Stake
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Peg as a noun:
A cylindrical wooden or metal object used to fasten or as a bearing between objects.
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Peg as a noun:
Measurement between the pegs: after killing an animal hunters used the distance between a peg near the animal's nose and one near the end of its body to measure its body length.
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Peg as a noun:
A protrusion used to hang things on.
Examples:
"Hang your coat on the peg and come in."
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Peg as a noun (figurative):
A support; a reason; a pretext.
Examples:
"a peg to hang a claim upon"
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Peg as a noun (cribbage):
A peg moved on a crib board to keep score.
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Peg as a noun (finance):
A fixed exchange rate, where a currency's value is matched to the value of another currency or measure such as gold
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Peg as a noun (UK):
A small quantity of a strong alcoholic beverage.
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Peg as a noun:
A place formally allotted for fishing
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Peg as a noun (colloquial, dated):
A leg or foot.
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Peg as a noun:
One of the pins of a musical instrument, on which the strings are strained.
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Peg as a noun:
A step; a degree.
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Peg as a noun:
clothes peg.
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Peg as a verb:
To fasten using a peg.
Examples:
"Let's peg the rug to the floor."
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Peg as a verb:
To affix or pin.
Examples:
"I found a tack and pegged your picture to the bulletin board."
"She lunged forward and pegged him to the wall."
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Peg as a verb:
To fix a value or price.
Examples:
"China's currency is no longer pegged to the American dollar."
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Peg as a verb:
To narrow the cuff openings of a pair of pants so that the legs take on a peg shape.
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Peg as a verb:
To throw.
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Peg as a verb:
To indicate or ascribe an attribute to. (Assumed to originate from the use of pegs or pins as markers on a bulletin board or a list.)
Examples:
"He's been pegged as a suspect."
"I pegged his weight at 165."
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Peg as a verb (cribbage):
To move one's pegs to indicate points scored; to score with a peg.
Examples:
"She pegged twelve points."
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Peg as a verb (slang):
To reach or exceed the maximum value on a scale or gauge.
Examples:
"We pegged the speedometer across the flats."
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Peg as a verb (slang, typically in heterosexual contexts):
To engage in anal sex by penetrating one's male partner with a dildo.
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Stake as a noun:
A piece of wood or other material, usually long and slender, pointed at one end so as to be easily driven into the ground as a marker or a support or stay.
Examples:
"We have surveyor's stakes at all four corners of this field, to mark exactly its borders."
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Stake as a noun (croquet):
A piece of wood driven in the ground, placed in the middle of the court, that is used as the finishing point after scoring 12 hoops in croquet.
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Stake as a noun:
A stick inserted upright in a lop, eye, or mortise, at the side or end of a cart, flat car, flatbed trailer, or the like, to prevent goods from falling off.
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Stake as a noun:
The piece of timber to which a person condemned to death was affixed to be burned.
Examples:
"Thomas Cranmer was burnt at the stake."
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Stake as a noun:
A share or interest in a business or a given situation.
Examples:
"The owners let the managers eventually earn a stake in the business."
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Stake as a noun:
That which is laid down as a wager; that which is staked or hazarded; a pledge.
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Stake as a noun:
A small anvil usually furnished with a tang to enter a hole in a bench top, as used by tinsmiths, blacksmiths, etc., for light work, punching hole in or cutting a work piece, or for specific forming techniques etc.
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Stake as a noun (Mormonism):
A territorial division comprising all the Mormons (typically several thousand) in a geographical area.
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Stake as a verb (transitive):
To fasten, support, defend, or delineate with stakes.
Examples:
"to stake vines or plants"
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Stake as a verb (transitive):
To pierce or wound with a stake.
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Stake as a verb (transitive):
To put at risk upon success in competition, or upon a future contingency.
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Stake as a verb (transitive):
To provide another with money in order to engage in an activity as betting or a business venture.
Examples:
"John went broke, so to keep him playing, Jill had to stake him."
"His family staked him $10,000 to get his business started."