The crossword solution for the term 'Peg for a Round' is TEE, which is a three letter word. A TEE is a small peg that is used to hold a golf ball in place on a teeing ground before a player hits it. It is usually made of wood or plastic and is placed in the ground to provide a stable base for the ball. The TEE is an essential part of the game of golf, as it allows the player to hit the ball with more accuracy and control.