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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

leg

One side of a combination option. See also leg lifting, leg on, long leg, short leg.
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.
References in periodicals archive ?
Your wife is angry and runs off with a ferret legger from the next village.
But the 12-week-old porker became frightened and did a legger.
As part of a BG Group employee initiative, Mr Coleman will join the BG Spirit crew as a 'legger', sailing on the boat for one leg of the race from Sydney to Cape Town.
Gupte, whose repertoire included a mean googly and the top-spinner, was India's first great legger and first bowler of any persuasion to capture an all-10 (for 78 runs playing for the Bombay CA President's XI against a Combined side in December 1954).
But if you've ever been on a charra, had a legger off the bizzies, played footy with a casey worn an-twakky gear, been to a boss bommie or had a job as a cocky watchman you should have no trouble at all.
(10.) Schuur AG, Legger FF, van Meeteren ME, Moonen MJH, van Leeuwen-Bol I, Bergman A, Visser TJ, Brouwer A.
I HOPE Les Dennis is right to do a legger from Family Fortunes after 15 years and try to carve out a fresh career with his armoury of talents.
Another Liverpool legger, Helena Roberts, joined the clipper for the last two races.
So in her own words, why did Wilma do a legger? She scratches her belly with her hind leg, then comes clean: "I couldn't handle the shame any more, mate.
After the premiere of Raising Agents at the Lawrence Batley Theatre on Sunday, March 29, at 7pm, the play will be performed at the Legger's Inn, Dewsbury on March 31; Franco's in Almondbury on Wednesday, April 1, and at Stirley Community Farm on Sunday, April 5.