Leg

(redirected from leggers)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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 ?
Leggers is a not-for-profit organization dedicated to promoting physical and mental health through running.
The Leggers was also praised for being popular with all age groups and offering a 'warm, welcoming atmosphere'.
And this month they are inviting supporters to join them for The Wharf Rats Pie Night at the Leggers on Wednesday, March 30 at 7.
The club meets at the Leggers Inn in Savile Town and the ride - to John O'Groats and back - will start and finish there.
Mums and their families will be able to enjoy a 30 minute guided boat trip down tunnel at 2pm, where they will hear tales about how it was constructed by 1811 and how leggers got horse-drawn boats down it.