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 ?
World of Leggings specializes in made-in-USA women's leg fashion, providing one of the largest selections of leggings, jumpsuits, cotton leggings, wide-leg pants, bell-bottom leggings and more.
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com) (Pink Sheets:BRAV) announced today that its World of Leggings retail stores and WorldofLeggings.
com intend to be the major trend setters in legging and bodysuit styles for women nationally as well as internationally.
com) (Pink Sheets:BRAV) announced today that it has expanded its online leggings superstore, OnlyLeggings.
com homepage as to the date and exact time the next "Super Saver" will begin, however, the actual legging style will not be disclosed until the next Super Saver begins.
com) (Pink Sheets:BRAV) announced today that it has dramatically expanded its leggings product catalogue on OnlyLeggings.
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