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 ?
The leg band supplier did further digging through its receipt records and it pointed to a breeder on the Gold Coast.
We caught 244 females in the high-mountain area of which we marked 206 with radio-transmitters and 56 with leg bands only.
For instance, Cherry noticed that there were several false alarms in the maternity ward triggered when nurses moved an infant's leg band.
The leg band has been secured to the condemned's right leg, and also the headset has been secured to his head.
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.
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.
His birds fluttered into traps and walked across a computer scanner that read their leg band and registered the time, number and sex.
Through leg band returns and neck band resightings, we determined age-and sex-specific information about staging areas, migration routes, and winter distributions-of the Howe Island snow geese.