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Earmark (politics) In public finance, an earmark is a provision inserted into a discretionary government spending appropriations bill that directs funds to a specific recipient while circumventing the merit-based or competitive funds allocation process. The term earmark is used in this sense in the United States and South Africa.
What is 'Pegging' Pegging is a central bank's open market operations meant to stabilize its country's currency to that of another country by fixing its exchange rate. This term also refers to the practice of an investor buying large amounts of an underlying commodity or security close to the expiration date of a derivative held by that investor.