Leg

(redirected from Leg side)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

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 ?
He added: "I was a bit fortunate to get a couple of my wickets, but we felt we deserved a bit of luck, and it's nice to know that Matt Prior can leap like a salmon down the leg side!
Jacques Kallis gloved a ball from Finn down the leg side and was caught by Matt Prior.
Strauss followed just three overs later for 33 and Paul Collingwood was caught down the leg side off legs pinner Stuart Matsikenyeri.
He was eventually dismissed by a sharp piece of stumping by Adrian Aymes as medium-pacer Dimitri Mascarenhas fired one down the leg side.
After lunch skipper Vilas became the fifth Lancashire batsman to be dismissed in the nineties this season when he aimed to clip Luke Wood, through the leg side but only gave the bowler a return catch and was out for 97.
Tenders are invited for Wooden Cot - Teak Wood Cot Size Are 75 Inches L X36inches W X18inches H With Head Side Legs Are 28 Inches Height Leg Side Legs Are 28Inches Height With Leg Side Legs Are 3Inches X 3Inches Size.
Jones then opened his shoulders, finding the gaps in the field and dismissing anything short on the leg side. Franklin, initially circumspect, provided good support, driving any width through the gaps in the field.
Shehzad remarked that he was surprised by Sri Lankan's negative approach by bowling down the leg side. "I was surprised with their negative approach, although they had 400 runs on board.
According to the Courier Mail, the ball appeared to slip from Watson's hand, flying high through the air and down the leg side, following which Katich repositioned and attempted to swat the descending ball to the boundary.
First a little extra bounce undid Petersen, who gloved a catch behind down the leg side. He took his bottom hand off the handle almost at the moment of impact, but not obviously enough for there to be serious doubt about the validity of the decision.
What is the cricketing term for a ball which spins towards the leg side upon pitching?
Yorkshire captain Andrew Gale made nine before shaping to play Onions on the leg side, only for extra bounce and movement to find the edge on the way to Borthwick at third slip.