Peg-out Definition

verb

To mark (a territory or area) with pegs. [from 19th c.]

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(intransitive) To die. [from 19th c.]

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(croquet, intransitive) To finish a game of croquet. [from 19th c.]

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(cribbage) To move one's peg to the last position on the pegboard, and thus win. [from 19th c.]

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To hang up (washing) using pegs. [from 20th c.]

Wiktionary