Among several different futures contracts or options, the soonest month in which a contract expires. For example, given three futures contracts, one expiring in March, one in June, and one in September, the lead month is March.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.