Leg up


Also found in: Idioms.

Leg up

Used in the context of general equities. (1)Have a portion of the offsetting side of a trade in your pocket (spoken for) so your capital risk in the transaction is reduced. (Purchase of 10,000 of a 50,000 buy order leaves the trader a "leg up".) (2) Complete one side of a two-sided transaction, as in a swap or contingency order.
References in periodicals archive ?
Slowly slide the leg up again, using the same control.
But this year I've already got a leg up on that promise.
Now Kennedy hopes for two more leg ups. Promotion to Division Two and the Northern Ireland side.