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 ?
Leggers is the only local program based on the run/walk principles taught by Jeff Galloway, Olympic athlete and author of the book Marathon
I am looking forward to working with Logica and the Logica leggers to build a successful team and win this most challenging race.
They were the leggers while the boat was steered by Mike Chase, of Gorton, Manchester, and Alan Schofield, of Stalybridge, was 'fending off' to protect the cabin from scrapes.
The old canal wharf buildings which house The Leggers Inn and the Old Stables coffee shop are both open during the festival for refreshments.