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 ?
5-inch, rolled into a leg band and stamped with the following script, "PA GAME COMMISSION, PYMATUNING WMA, 50 YEARS.
COMMENTS: First leg band in over 30 years of hunting.
Hunters also are encouraged to report all leg-banded turkeys they take or find to assist the Game Commission in ongoing research, by calling the toll-free number listed on the leg band.
While sleeping the pump can be kept next to you on the bed or wear it on a waistband, armband, leg band, or clip it to the blanket, sheet, pajamas, stuffed toy, or pillow with a belt clip.
The leg band chart (chapter 3) is of interest primarily to veterinarians in the UK.
His birds fluttered into traps and walked across a computer scanner that read their leg band and registered the time, number and sex.
He also compared harvest rates of geese fitted only with a leg band.
Featuring an 18ins wide seat, chrome plated frame, detachable full length padded armrests, stainless steel side panel, swing away footrests, aluminium footplate with rubber mat, 8ins solid front castor, 24ins pneumatic rear wheel with hand strap, leg band and PVC upholstery on seat and back.
COMMENTS: Black plastic leg band with white numbers 76.
They were the first to make a plastic neck chain tag in 1943, an identification leg band in 1959, a brisket/dewlap tag and neck straps for horses in 1964.
Secretary of Energy and Environmental Affairs Ian Bowles held the young eagle while Commissioner of the Department of Fish and Game Mary Griffin placed the silver federal leg band on its right leg.
The most exciting thing about the barn owl that is living in Washington is the fact that it is wearing a leg band, which enables biologists to identify where the bird originated.