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 ?
Even though white leg shrimp could be adapted to a wide rage of salinity (Bray et al.
He beat the bat with some regularity and thought he had trapped White leg before only for an inside edge to provide a brief reprieve.
Austin struck in the second over of the day - after England captain Alec Stewart chose to exploit the helpful conditions - and trapped Giles White leg before when the opener failed to get forward.
Walking to the water, he rotated his shoulders like a determined athlete, lifting each skinny white leg as carefully as if he was wearing precarious flip-flops.
Martin made sure shortly afterwards by bowling Wood as he shouldered arms and reduced them to 24-2 with his 33rd wicket of the season, trapping Craig White leg before.
A BLACK woman offered a false white leg has won a victory over the Health Department, forcing a change in policy.
As I wade into the calm, azure sea, I don't need a snorkel to see the green parrot fish, schools of reef fish, a baby reef shark and a curious stingray that seems drawn to my lily white legs.
Older couples still parade in floppy hats, consulting maps, stockinged-feet in red sandals, their defiantly white legs coloured only by the unseemly blotches left by stinging insects.
She played inside right and with her red hair and skinny wee white legs she was an absolute dead ringer for Jimmy Johnstone (right), the Celtic and Tributes have been paid to a pioneering Scots forward who won the league and cup double at AC Milan but whose achievements failed to find her fame on home turf Scotland winger.
You may have gone for shorts; your gleaming white legs two beacons of hope and optimism.
Only horses that stand at least 6 feet at the shoulder, weigh around 2,000 pounds, and have a bay-colored coat with four white legs, white blaze and a black mane and tail, are able to be a part of the hitch team.