Leg


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia.

Leg

A prolonged trend in stock market prices, such as a multiple-period bull market; or, an option that is one side of a spread transaction. See: Lifting a leg.

Leg

In a swap, the individual future cash flows that are swapped. The legs are calculated over a notional principal amount, which is not exchanged between the counterparties. Thus, in a swap, the only things traded are the two legs, which each party pays the other at set intervals over the life of the contract. For example, in an interest rate swap, one party may agree to pay the other a fixed interest rate over a notional value while the second party may agree to pay a variable interest rate over the same notional value. In this case, the fixed interest rate and the variable interest rate are the swap's two legs.

leg

One side of a combination option. See also leg lifting, leg on, long leg, short leg.
References in classic literature ?
Here a man put shackles about one leg, and pressed another lever, and the body was jerked up into the air.
And what would you want to saw his leg off for, anyway?
Will have a thing done, I will have it done,' repeated the man with the wooden leg.
Ferko at once recognised the wolf whose broken leg he had healed, and told him what he had to do the following day if he wished to escape with his life.
His head and arms and legs were jointed upon his body, but he stood perfectly motionless, as if he could not stir at all.
As if aware of her danger, the wolf turned her eyes on Karay, tucked her tail yet further between her legs, and increased her speed.
Toto was usually a well behaved dog, but this time he was angry and snapped at the man's leg again and again.
For, the moment the spur touched him, his left hind leg had reached forward in a kick that struck the stirrup a smart blow.
Let him trot back on his own legs, and when he is before the canoe house tie his legs there.
Big fella shark-fish, that fella leg stop 'm along him," the ancient grinned, exposing a horrible aperture of toothlessness for a mouth.
Only I could not become a guard because I was lame of one leg and Tiger-Face would not have me.
Why should similar bones have been created in the formation of the wing and leg of a bat, used as they are for such totally different purposes?