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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 MatchesLifting a legLifting a legClosing out one side of a long-short arbitrage before the other is closed. Residuary legacyResiduary legacySee: 'legacy'. Lenders legal feesLenders legal feesFees incurred by the lender when arranging a mortgage passed on to the buyer. Legal bankruptcyLegal bankruptcyA legal proceeding for liquidating or reorganizing a business. Leg 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. Further SuggestionsLegal listLegal transfer Legal investments Legal monopoly Legislative risk Further advance legal fee Legal fees Telegraphic transfer Skip payment privilege specific legacy Legitimate Legal opinion Long leg Legal Owner Subscription privilege legal list Oversubscription privilege telegraphic transfer Legal defeasance legacy LEGAL Legal entity legal expenses insurance |
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