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Definition of Peg out
1. Verb. (transitive) To mark (a territory or area) with pegs. (defdate from 19th c.) ¹
2. Verb. (intransitive) To die. (defdate from 19th c.) ¹
3. Verb. (context: croquet intransitive) To finish a game of croquet. (defdate from 19th c.) ¹
4. Verb. (cribbage) To move one's peg to the last position on the pegboard, and thus win. (defdate from 19th c.) ¹
5. Verb. (transitive) To hang up (washing) using pegs. (defdate from 20th c.) ¹
¹ Source: wiktionary.com