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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 MatchesLEGALLEGALA 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 expenses insuranceLegal expenses insuranceInsurance, taken out by individuals or companies for protection against defending civil actions brought about by other individuals or companies or alternatively to pursue them, where legal expenses (for example lawyer's fees) will be incurred. LegitimateLegitimateUsed in the context of general equities. Real interest in trading as compared to a profile stance. See: Natural. Legal investmentsLegal investmentsInvestments that a regulated entity is permitted to make under the rules and regulations that govern its conduct. Legal 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. Further Suggestionstelegraphic transferLegislative risk Skip payment privilege Telegraphic transfer Lenders legal fees Further advance legal fee Legal defeasance Subscription privilege Legal fees specific legacy legacy Legal monopoly Legal list Long leg Oversubscription privilege Legal entity Legal bankruptcy Lifting a leg legal list Leg up residuary legacy Legal opinion Legal transfer |
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