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long-term equity anticipation securities (leaps)

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Financial Dictionary

long-term equity anticipation securities (LEAPS)

Options that carry expiration dates of up to two years.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Stock Trading
Trade Stocks, Options, Futures and Bonds Online with optionsXpress.
www.optionsXpress.com
LEAPS
Learn to trade LEAPS at CBOE.com Visit the Official Site
www.CBOE.com
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Definition
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