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LegA 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.LegA 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 Similar MatchesLegal OwnerLegal OwnerThe term has come to be used as a technical difference from the equitable owner, and not as opposed to an illegal owner. The legal owner has title to the property, although the title may actually carry no rights to the property other than a lien. 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. LegitimateLegitimateUsed in the context of general equities. Real interest in trading as compared to a profile stance. See: Natural. Legal monopolyLegal monopolyA government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area. Subscription privilegeSubscription privilegeThe right of current shareholders of a corporation to buy newly issued shares before they are available to the public. Further SuggestionsFurther advance legal feeLenders legal fees specific legacy LEGAL Leg up legacy legal list legal expenses insurance Legal list Legal fees Legislative risk Skip payment privilege Oversubscription privilege Legal defeasance telegraphic transfer residuary legacy Legal bankruptcy Telegraphic transfer Long leg Lifting a leg Legal investments Legal entity Legal transfer |
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