Usually means: Reduce or limit someone's advantage.
Definitions Related words Mentions
We found 9 dictionaries that define the word peg back:

General (5 matching dictionaries)
  1. peg back: Longman Dictionary of Contemporary English
  2. peg back: Wiktionary
  3. peg back: TheFreeDictionary.com

Business (1 matching dictionary)
  1. peg back: Financial dictionary

Computing (1 matching dictionary)
  1. peg back: Encyclopedia

Medicine (1 matching dictionary)
  1. peg back: Medical dictionary

Miscellaneous (1 matching dictionary)
  1. peg back: Idioms

Definitions from Wiktionary (peg back)

verb:  (sports, transitive) To equalize against; to prevent (the opposition) from winning.

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