1. Mark out boundaries or positions on the ground, especially in sports
   "The groundskeeper pegged out the cricket pitch before the match"
    
2. [informal] Come to an end or reach a limit, especially to die or become completely exhausted
   "The old man finally pegged out after a long illness"
    
3. [Brit] (in cribbage) reach the winning score by moving one's peg to the last hole on the board
   "He pegged out with a perfect hand"

Derived forms: pegging out, pegged out, pegs out