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 ?
Arm restlessness in patients with restless legs syndrome.
The Restless Legs Syndrome (Central Nervous System) pipeline guide also reviews of key players involved in therapeutic development for Restless Legs Syndrome and features dormant and discontinued projects.
The remaining three patients who did not have Type 2 Diabetes Mellitus did not have any other co-morbidities and were included as chronic idiopathic restless legs syndrome.
Restless Legs Syndrome can seriously undermine a person's life to an extent that career and social activities are sacrificed.
Restless legs syndrome and conditions associated with metabolic dysregulation, sympathoadrenal dysfunction, and cardiovascular disease risk: A systematicreview.
Restless legs syndrome symptom severity assessment: To evaluate the symptom severity, IRLSSG rating scale was applied to the patients diagnosed to have RLS.
The importance of formal serum iron studies in the assessment of restless legs syndrome.
Restless legs syndrome and periodic limb movements disorder in the pediatric population Curr Op Pulm Med 2010;16:559-567.
Restless legs syndrome (RLS) is characterized by restless, painful legs that do not settle down at night.
Restless legs syndrome (RLS), also named Willis-Ekbom disease, is a frequent neurological disease that is characterized by paresthesias and unpleasant sensations in the legs and an urge to move the legs (1,2).
Prado, "Translation and validation into the Brazilian Portuguese of the restless legs syndrome rating scale of the International Restless Legs Syndrome Study Group," Arquivos de Neuro-Psiquiatria, vol.
Restless legs syndrome (RLS) is a progressive and chronic disorder manifested by a burning sensation and paresthesia, and is characterized by a requirement of moving the affected extremities when at rest and during the night (Allen et al, 2003; American Sleep Disorders Association, 1997; Walters, 1995).