"Hath pegged" is a colloquial expression that is derived from the combination of two English words - "hath" and "pegged". As an idiomatic phrase, it does not exist as a standalone term in standard dictionaries. However, when examining the individual words, it is possible to infer a possible meaning for the expression.
"Hath" is an archaic form of the verb "to have" used in the third person singular present tense in Early Modern English. This variant is commonly found in older texts or poetry, and is essentially the equivalent of "has" in contemporary English.
"Pegged" is the past tense or past participle form of the verb "peg", which has several meanings. One common interpretation is the act of fixing something securely in place, often with the use of a peg or nail. Another sense is reducing or fixing at a specific level, such as pegging a currency to a particular exchange rate.
Therefore, "hath pegged" can be understood as an archaic phrase suggesting that someone or something has been firmly fixed or secured in a certain position or state. It conveys a sense of stability, permanence, or the inability to change or move from a particular stance.
Since "hath pegged" doesn't have a widely recognized definition, its understanding and usage might vary depending on the context, literary work, or personal interpretation.
