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 ?
QB's LEGGER algorithm is an inter-commodity, multi-leg execution strategy that allows clients to intelligently execute risk simultaneously across multiple trading "legs".
Schuur AG, Legger FF, van Meeteren ME, Moonen MJ, van Leeuwen-Bol I, Bergman A, et al.
Full service dry cleaner with 35# Columbia, utility press, legger, suzie, washer, dryer, Hertz boiler, vacuum, chiller, spotting board, conveyor, everything needed to do the job.
Your wife is angry and runs off with a ferret legger from the next village.
The range includes wild wingers, fillet fingers, legger steaks and drumsticks which can be microwaved or cooked conventionally.
proibir alle lor donne l'imparar a legger e scriver, allegando cio esser ruina di molte donne .
But if you've ever been on a charra, had a legger off the bizzies, played footy with a casey worn an-twakky gear, been to a boss bommie or had a job as a cocky watchman you should have no trouble at all.
Gupte, whose repertoire included a mean googly and the top-spinner, was India's first great legger and first bowler of any persuasion to capture an all-10 (for 78 runs playing for the Bombay CA President's XI against a Combined side in December 1954).
Legger is a nonprofit group dedicated to promoting better health through running and walking.