The term 'PEG in the LPGA' is a reference to the professional golfer, Margaret 'PEG' Kirk Bell. She was one of the founding members of the Ladies Professional Golf Association (LPGA) in 1950 and served as its first president. She was inducted into the World Golf Hall of Fame in 2000 for her contributions to the sport. The crossword solution for this term is 'TEE, ' which is a golfing term referring to the starting point of each hole on a golf course.