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Leg up |
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Leg 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.Leg up Similar MatchesLegLegA term describing one side of a position with two or more sides. When a trader legs into a spread, they establish one side first, hoping for a favourable price movement so the other side can be executed at a better price. This is, of course, a higher-risk method of establishing a spread position. Legal opinionLegal opinionA statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable. Residuary legacyResiduary legacySee: 'legacy'. Further advance legal feeFurther advance legal feeA fee that is normally charged when you apply for a further advance of money on your mortgage. This covers the necessary administration to ensure that the lender's legal charge over the property is maintained when further money is lent. Telegraphic transferTelegraphic transferA method of transferring money abroad from one bank to another by telegraphy. Further SuggestionsLegal investmentsSkip payment privilege Legitimate Subscription privilege Legal bankruptcy Legal Owner Legal monopoly specific legacy Oversubscription privilege LEGAL Lenders legal fees legacy Telegraphic transfer Legal entity Legislative risk Legal defeasance Legal transfer Legal fees Legal list Long leg legal list Leg Lifting a leg legal expenses insurance |
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