Leg

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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 ?
Attachment of metal leg bands and radio-transmitters to galliform chicks are not without issues.
For instance, Cherry noticed that there were several false alarms in the maternity ward triggered when nurses moved an infant's leg band. It was determined that the nurses on the ward were adjusting the bands after they had put them on the child, causing the alarm.
The leg band has been secured to the condemned's right leg, and also the headset has been secured to his head.
After a reporter had indicated that only one tag was present on a bird, we asked them to confirm with a photograph showing the remaining tag or a distinguishable leg band. If this was not possible, we used a second independent confirmation.
To investigate, Anderson and Williams spent several months observing the habits of captive Caribbean flamingoes at Philadelphia Zoo, Pennsylvania, each of which carries a leg band that allows individuals to be identified.
The leg band was removed by the referring veterinarian, and a wound on the posterior aspect of the tarsometatarsus was evaluated, treated, and appeared to resolve with only minimal scar tissue.
The latex free leg band has stretch fabric for a non-binding, customized fit that encourages patient ambulation.
In August, while observing some brown pelicans feeding, I noticed one bird with our telltale yellow leg band, which marked the bird as one rehabilitated during the 1996 botulism event.
Captured females were fitted with a necklace radio-transmitter (Holohill 18 g or Televilt 23 or 32 g) and a metal leg band with a unique serial number.
While sleeping the pump can be kept next to you on the bed or wear it on a waistband, armband, leg band, or clip it to the blanket, sheet, pajamas, stuffed toy, or pillow with a belt clip.
The leg band chart (chapter 3) is of interest primarily to veterinarians in the UK.
A smaller proportion of our data was from leg band recoveries, mainly of goslings killed during hunting seasons (Table 1).