marker vs peg

marker and peg both are nouns.

marker is not a verb while peg is a verb.

Word	Noun	Adjective	Verb	Adverb
marker	Yes	No	No	No
peg	Yes	No	Yes	No

As nouns, peg is a hyponym of marker; that is, peg is a word with a more specific, narrower meaning than marker:

marker: a distinguishing symbol
peg: small markers inserted into a surface to mark scores or define locations etc.

Other hyponyms of marker include earmark, brand, trademark, assay-mark, authentication, hallmark, postmark, watermark, broad arrow, milepost, milestone, pin, pip, spot, label, cairn, code, frank, franking.

marker (noun)	peg (noun)
some conspicuous object used to distinguish or mark something	a wooden pin pushed or driven into a surface
a writing implement for making a mark	a holder attached to the gunwale of a boat that holds the oar in place and acts as a fulcrum for rowing
a distinguishing symbol	regulator that can be turned to regulate the pitch of the strings of a stringed instrument
	a prosthesis that replaces a missing leg
	informal terms for the leg
	small markers inserted into a surface to mark scores or define locations etc.

marker (verb)	peg (verb)
	stabilize (the price of a commodity or an exchange rate) by legislation or market operations
	fasten or secure with a wooden pin
	pierce with a wooden pin or knock or thrust a wooden pin into
	succeed in obtaining a position

Difference between marker and peg

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