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 ?
In conclusion, dietary essential oils did not have any beneficial or detrimental effects on growth, feed utilization, survival rate, meat yields and chemical composition of the meat of white leg shrimp.
Group 3 winner Top Notch Tonto, another chestnut who was second to Olympic Glory in the Queen Elizabeth II Stakes in 2013, also has white legs and a white blaze across his face.
The Torwen is like the negative copy of the Torddu, black with creamy white legs, belly and throat.
My pasty white legs aren't going to get any browner in this weather.
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.
After drawing a yellow and gray bird with white legs and orange cheeks, John said, ``he had to belong to somebody, so I drew Chris.
Both items feature a natural wood stand and base with white dowels and white legs, along with four white porcelain cups and saucers.
It is a damp mulch of mustardy hotdog wrappers, fat ladies, displeased infants, former fish, ex-seaweed, volleyball players, lost socks, midget radios, walruses, beer cans, pieces of sodden wood that look even uglier when they are turned into lamps, big, pink men with little white legs, uncom-fortable small stones, other people's elderly lunch in moist brown bags, insolent sea gulls and bugs.
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.
I'm halfrelieved the winter is coming as it also means I don't have to spend time shaving my legs in the shower - what a boring, laborious task that is, which is why in the summer, when I'm forced to get my very white legs out, I only ever shave up to the knee.