HomeDefinitionsCompareDebt LegThe financial definition for 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. Similar MatchesLeg upLeg upUsed in the context of general equities. (1)Have a portion of the offsetting side of a trade in your pocket (spoken for) so your capital risk in the transaction is reduced. (Purchase of 10,000 of a 50,000 buy order leaves the trader a "leg up".) (2) Complete one side of a two-sided transaction, as in a swap or contingency order. LEGALLEGALA computerized database maintained by the NYSE to keep track of enforcement actions, audits, and complaints against member firms. This term is not an acronym but is referred to in capitals. Legal bankruptcyLegal bankruptcyA legal proceeding for liquidating or reorganizing a business. Further SuggestionsLegal defeasanceLegal entity Legal investments Legal list Legal monopoly Legal opinion Legal transfer Click to compare definitions of Leg Click to view definitions beginning le |