Lead pipe

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Lead pipe

Used in the context of general equities. Virtually certain that trade will take place; lead pipe cinch. See: Layup.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Layup

Informal; an order to a broker that can be executed easily. Layups are made on highly liquid securities at a reasonable price. A layup is also called a lead pipe.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved