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 ?
(2006) stocked 0.68 g of white leg shrimp at a density of 24 head/52 L aquaria and obtained 88.3 to 93.3% of survival rate using pond water during 10 weeks.
We can also see that he has a very broad skull, pale eye color, white legs, a short and stout beak, that his beak appears yellow, and that his comb appears to either be rose, cushion or walnut in shape; we cannot see how the comb terminates in this photograph, though.
We see only white legs; they are probably a woman's legs, but she needs to shave.
Marabou storks - aka 'undertaker birds' due to their slow walk, cloaklike wings, thin white legs and mass of white hair-like feathers - feed mainly on carrion in the wild but can kill adult flamingos, as well as fish and insects.
I remember nudging our conversation toward what-all we boys had rigged, perky, between our white white legs. I knew that our backyards stretched too wide-open to allow the taking down of shorts; or even much promiscuous peeking into each other's.
The Torwen is like the negative copy of the Torddu, black with creamy white legs, belly and throat.
As it had to on the white legs disappearing into the green
Based on the head-butt happy antics of a real cow in the illustrator's herd, Nosy Noodles: The Curious Cow is the story of a black cow with white legs who is too nosy for her own good!
Ronan's white legs in light-coloured shorts stood out like a sore thumb.
I'VE just spent a fortnight in Corfu - one of me favourite places in the Med - but something that stood out even more than me little milk bottle white legs was the piles of uncollected rubbish that lay festering by the roadside.
But, even in baking July, the white legs of England always look startled by the brightness of day.
He might get a holiday, a wee bit of sun to make sure those wee white legs of his get a tan.