Leg

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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 periodicals archive ?
Jacques Kallis gloved a ball from Finn down the leg side and was caught by Matt Prior.
Strauss followed just three overs later for 33 and Paul Collingwood was caught down the leg side off legs pinner Stuart Matsikenyeri.
Shehzad remarked that he was surprised by Sri Lankan's negative approach by bowling down the leg side.
What is the cricketing term for a ball which spins towards the leg side upon pitching?
How did Cheltenham plasterer Michael spins towards the leg side upon pitching?
Yorkshire captain Andrew Gale made nine before shaping to play Onions on the leg side, only for extra bounce and movement to find the edge on the way to Borthwick at third slip.
Bell, on two from 30 balls, was strangled down the leg side, caught behind off Collymore but his angst as he trudged off was nothing to Troughton's.
FLYING KEEPER: Dinesh Karthik produces smart work down the leg side to stump Michael Vaughan
Ganguly might easily have survived Darren Gough's appeal for lbw when the ball appeared to hit the batsman plenty high enough and towards the leg side.
But, a long way down the pitch, and with the ball starting to veer to the leg side, it was a harsh leg-before verdict from Barrie Leadbeater, standing in for former Worcestershire favourite Vanburn Holder, who was suffering from Athlete's Foot.
Arnold was the first to go when he was caught by wicketkeeper Jon Batty down the leg side for 17.
Tenders are invited for Wooden Cot - Teak Wood Cot Size Are 75 L X36 W X18 H With Head Side Legs Are 28 Height Leg Side Legs Are 28 Height With Leg Side Legs Are 3 X 3 Size.