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 ?
Dhoni's move to put a leg slip behind Smith for Yadav appeared a stroke of genius when the Australian captain nicked down the leg side straight to Rahane.
They put on 40 runs for the third wicket when Rangana Herath picked up the prize wicket of Khan, who while attempting to play down the leg side edged to wicketkeeper Jayawardene for 17.
The sphere was passing well down leg side but the batsman followed it and tickled it to the keeper.
The only real chance of a wicket was when Taufeeq missed a delivery from Shakib Al Hasan that spun down the leg side in the 36th over.
What is the cricketing term for a ball which spins towards the leg side upon pitching?
The collection also includes lightweight, durable Realtree AP HD Utility Pants, with the NWTF logo on the left leg side pocket, and the NWTF Hunter Long Sleeve, which is a snap-down shirt with the NWTF logo featured above the left chest pocket.
But his new-ball colleague Harris broke through to have O'Brien caught down the leg side by Wallace for 33.
Spinner Ollie Rayner sent a ball way down leg side and watched joyfully as it rebounded off the keeper's ankle on to the stumps with the lefthander out of his ground.
Jaques then followed four overs later for nine, trapped leg before by Edwards while trying to poke the ball to leg side.
Adnan gloved a catch down the leg side as he tried to avoid a rising ball from Liam Plunkett and the rest of the top order followed before lunch.
Opener Vikram Solanki and Andrew Strauss forged a 63-run stand in 15 overs only for off-spinner Prosper Utseya to beat Solanki down the leg side and have him stumped for 42.
At the end of the nearly eight-hour day, facing bowler Abdul Islam, Rose swept a ball to the leg side for a boundary four, giving Jamaica the victory with 214 for eight wickets in 40 overs.