Leg

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Related to Bandy leg: bow legs, tibia vara, Blount’s disease

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 ?
It's an irrational fear which dates back to the days when people sometimes had bandy legs because they had rickets.
Leopard Rikki, who suffers from bandy legs and a deformed back, also had his claws pulled out to make him easier to handle.
Once the trousers had been gathered up to fit around my waist, the baggy bulges in the knees traced the sexy line of my bandy legs.
His Tina Turner in a basque, bandy legs in stockings and stilettos springs to mind.
He was born Archibald Leach in Bristol and failed his first screen test because the casting director didn't like his "thick neck and bandy legs.
Now there's no getting round the fact that Ms Britton is no stick insect, and she would undoubtedly lose to Kate Moss if it ever came down to a bandy legs competition.
The bandy legs that distort those classroom slacks offer a hint of a different calling though, even if education is perhaps not too far removed from the Spaniard's chosen profession.