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Long-Term Equity Anticipation Securities

LEAPS. 

Long-term

 stock options or 

Index

 options, with expiration dates up to three years away. 

LEAPS

 are very similar to standard options except for the fact that they expire much further in the future. They can be safer than traditional options because it is somewhat easier to predict stock 

Movement

 over longer periods. Like 

Option

, they allow an investor to lock in a fixed price for the 

Underlying security

. Therefore, like 

Option

, they can be effective for both leverage and 

Insurance

 purposes. Expiration generally occurs 36 months after 

Purchase

, and 

LEAPS

 are American 

Style

, so they can be exercised at any time before expiration. Strike prices usually 

Range

 around 25% above or below the price of the underlying stock when the LEAP is first offered.



Related Terms: 23

ECU

,

Exercise

,

Expiration date

,

Index

,

Insurance

,

Index option

,

Long

,

Long-term

,

LEAPS

,

Low

,

Movement

,

Offer

,

Option

,

OCC

,

Purchase

,

Range

,

Ratio

,

Rally

,

SEC

,

Stock option

,

Style

,

Term

,

Underlying security


Other Related Pages:

Category: Options


Starting With: L


Semi Related Terms: 901  CLICK HERE TO VIEW

10-K

,

52-week low

,

19c3 stock

,

Allowance for depreciation

,

Asset/equity ratio

,

Average collection period

,

Above par

,

Accrual of discount

,

After-tax basis

,

Agency security

,

American Municipal Bond Assurance Corporation

,

American Stock Exchange

,

Amortization of premium

,

Asked price

,

Asking price

,

Asset-backed security

,

At par

,

All or any part

,

At best

,

At call

,

Adjustable rate preferred stock

,

Adjusted futures price

,

American Depositary Receipt

,

American Depositary Share

,

Adjustable life insurance

,

All-risks coverage

,

At risk

,

Add-on service

,

Abstract of title

,

Action to quiet title

,

As is

,

Assignment to creditors

,

Attorney in fact

,

Adjustment date

,

Affordability index

,

After acquired clause

,

After-acquired collateral

,

Amortization term

,

Assignment of mortgage

,

A shares

,

Assets under management

,

Average price per share

,

Aggregate exercise price

,

American option

,

American-style option

,

Asian option

,

At the money

,

Automatic exercise

,

Average option

,

After-tax contributions

,

Age-weighted plan

,

Across the board

,

Additional paid-in capital

,

Average up

,

Ad valorem

,

After-tax

,

Arms Index

,

After-hours trading

,

Against the box

,

At the bell

,

At the close

,

At the figure

,

At the full

,

At the market

,

At the opening order

,

Automated Pricing and Reporting System

,

Away from the market

,

Accredited investor

,

Angel investor

,

Below the line

,

Books of final entry

,

Books of original entry

,

Book value per share

,

Banking Act of 1933

,

Below par

,

Bid-to-cover ratio

,

Book-entry security

,

Bureau of Public Debt

,

Brought over the wall

,

Buying on margin

,

Buy on close

,

Buy on opening

,

Buy the book

,

Basic earnings per share

,

Balance of payments

,

Base period

,

Base-year analysis

,

Board of Governors

,

Back months

,

Breaking the syndicate

,

Bill of exchange

,

Bill of sale

,

Breach of trust

,

By the book

,

Bank term loan

,

Bust-up takeover

,

Blitzkrieg tender offer

,

B shares

,

Buy and write

,

Blackout period

,

Borrowed stock

,

Broad-base index

,

Before-tax income

,

Blow-off top

,

Breadth-of-market theory

,

Beat the gun

,

Calendar year

,

Cash asset ratio

,

Cash ratio

,

Collection ratio

,

Commercial year

,

Cost Of Goods Sold

,

Cost of sales

,

Cleared date

,

Cabinet security

,

Call date

,

Called away

,

Call price

,

Certificate of Participation

,

Committee on Uniform Securities Identification Procedures

,

Common stock equivalent

,

Conversion option

,

Conversion parity price

,

Conversion price

,

Conversion ratio

,

Convertible security

,

Code of procedure

,

Capitalization of income

,

Consumer confidence index

,

Consumer Price Index

,

Cost of Living Adjustment

,

Cost-of-living index

,

Council of Economic Advisers

,

Cyclical stock

,

Cash and carry trade

,

Cash price

,

Certificated stock

,

Chasing the market

,

Cheapest to deliver

,

Chicago Board of Trade

,

Commodities Exchange Act

,

Contract month

,

Crop year

,

Cash value life insurance policy

,

Casualty insurance

,

Convertible term insurance

,

Cost-of-living rider

,

Credit insurance

,

Credit life insurance

,

Callable stock

,

Certificate of stock

,

Chicago Board Options Exchange

,

Consumer stock

,

Control stock

,

Cost of carry

,

Certificate of title

,

Contract for deed

,

Cancellation of debt

,

Certificate of Claim

,

Cost of debt capital

,

Cost of funds

,

Cure period

,

Creeping tender offer

,

C shares

,

Call option

,

Call ratio backspread

,

Cashless exercise

,

Class of options

,

Close to the money

,

Covered option

,

Certificate of Occupancy

,

Closing date

,

Cloud on title

,

Cash or Deferred Arrangement

,

Calendar effect

,

Capitalization weighted index

,

Class A Shares

,

Class B Shares

,

Crash of 1929

,

Crash of 1987

,

Child and dependent care credit

,

Coefficient of determination

,

Cup and handle

,

Certificate of delivery

,

Close a position

,

Closing price

,

Closing purchase

,

Cornering the market

,

Curbs in

,

Date draft

,

Deposit in transit

,

Date of issue

,

Date of payment

,

Digested security

,

Distribution date

,

Dollar price

,

Droplock security

,

Due date

,

Division of Enforcement

,

Division of Investment Management

,

Division of Market Regulation

,

Date of record

,

Distribution period

,

Dividend in arrears

,

Dividend payout ratio

,

Desk (the)

,

Division of labor

,

Deferred month

,

Delivery month

,

Delivery price

,

Derivative security

,

Decreasing term life

,

Disability insurance

,

Dual life insurance

,

Deal stock

,

Defensive stock

,

Distribution stock

,

Donated stock

,

Dated date

,

De-escalation clause

,

De facto

,

Doing business as

,

Durable Power of Attorney

,

Date of maturity

,

Debtor in possession

,

Debtor-in-possession financing

,

Deed of Release

,

Deed of Trust

,

Discharge of bankruptcy

,

Discharge of lien

,

Due-on-sale clause

,

Dual-purpose fund

,

Deep in the money

,

Deep out of the money

,

Deed of Surrender

,

Department of Housing and Urban Development

,

Dirty stock

,

Distressed security

,

Dogs of the Dow

,

Double up

,

Daily low

,

Depth of market

,

Effective debt

,

Efficiency ratio

,

Effective annual interest rate

,

Eurodollar certificate of deposit

,

Embedded option

,

Escrowed to maturity

,

Exchangeable security

,

Exempt security

,

Ex-legal

,

Either-or order

,

ECU

,

Effective par

,

Edge Act

,

Employer Cost Index

,

Employment Cost Index

,

E-mini

,

Exchange for futures

,

Exchange for physical

,

Exchange of spot

,

Ex-pit transaction

,

EAFE Index

,

Effective date

,

Excess insurance

,

Executive indemnity insurance

,

Effective tax rate

,

Employee Stock Purchase Plan

,

Employee stock repurchase agreement

,

Equity option

,

Ex-all

,

Exchange ratio

,

Enhanced index fund

,

Early exercise

,

European-style option

,

Exchange-traded option

,

Exercise

,

Exercise assignment

,

Exercise limit

,

Exercise notice

,

Exercise ratio

,

Expiration cycle

,

Expiration date

,

Expiration time

,

Ex-warrants

,

Education IRA

,

Employee Retirement Income Security Act of 1974

,

Exclusion ratio

,

Ex-rights

,

Ex-rights date

,

Even up

,

First In First Out

,

Fiscal year

,

Fixed asset

,

Fixed-charge coverage ratio

,

Fixed cost

,

Federal Deposit Insurance Corporation

,

Federal Savings and Loan Association

,

First call date

,

Fixed income

,

Fixed income equivalent

,

Fixed-income arbitrage

,

Flight to quality

,

Flow of funds

,

Full price

,

Fill or kill

,

Front-ending an order

,

Foreign currency option

,

Forward P/E

,

Fully diluted earnings per share

,

Factors of production

,

Favorable balance of trade

,

Free market price

,

Far month

,

First board

,

First notice day

,

Forward price

,

Furthest month

,

Futures option

,

Futures price

,

Fee-for-service

,

Fixed annuity

,

Fixed benefits

,

Fixed premium

,

First preferred stock

,

Form 8-K

,

Form S-1

,

Full stock

,

Floating security

,

Friends and family offering

,

Fair Credit Reporting Act

,

Fair Debt Collection Practices Act

,

First mortgage

,

Fixed rate

,

Fixed-rate loan

,

Fixed-Rate Mortgage

,

Full faith and credit

,

Family of funds

,

Fund of funds

,

Far option

,

Free and clear

,

Federal Insurance Contributions Act

,

Fixed investment trust

,

Free right of exchange

,

First-round financing

,

Generally Accepted Accounting Principles

,

General Obligation Bond

,

Graduated security

,

General account

,

General Securities Representative Examination

,

Glass-Steagall Act

,

Gold standard

,

Growth stock

,

G-7

,

GDP implicit price deflator

,

General Accounting Office

,

General Agreement on Tariffs and Trade

,

G-8

,

Grace period

,

Group insurance

,

General lien

,

General mortgage

,

Growth and income fund

,

Grant date

,

Group IRA

,

Gather in the stops

,

Going long

,

Hart-Scott-Rodino Act of 1976

,

Hit the bid

,

House of issue

,

Hedge ratio

,

Hang Seng Index

,

Hazard insurance

,

Health insurance

,

Health Insurance Portability and Accountability Act

,

High-tech stock

,

Holder in due course

,

High-ratio mortgage

,

Home equity line of credit

,

Home Mortgage Disclosure Act

,

Housing Market Index

,

Holding period

,

Head and shoulders

,

High-low index

,

Hammering the market

,

Held at the opening

,

Historical trading range

,

Holding the market

,

Horizontal price movement

,

Index bond

,

Index-linked bond

,

In escrow

,

Inflation-indexed security

,

Intermediate-term

,

Investment security

,

Issue date

,

In-house

,

Investment Advisor Act of 1940

,

Investment Company Act of 1940

,

Income stock

,

In line

,

Index

,

Insurance

,

Insurance agent

,

Insurance broker

,

Insurance carrier

,

Insurance claim

,

Insurance examiner

,

Insurance policy

,

Insurance premium

,

Insider Trading sanctions Act of 1984

,

Internal Rate of Return

,

Investor relations

,

Indication of interest

,

In intestacy

,

In play

,

In-process research and development

,

Index fund

,

Index option

,

Interest rate option

,

I/O strip

,

Income replacement ratio

,

In-service withdrawal

,

IRA rollover

,

Index arbitrage

,

Imbalance of orders

,

In and out

,

Individual investor

,

Institutional investor

,

In sympathy

,

In the tank

,

Jointly and severally

,

Jumping the gun

,

Joint and several liability

,

Joint and survivor annuity

,

January Effect

,

Joint Stock Company

,

Jensen index

,

Knock-out option

,

Last In First Out

,

Liquidity ratio

,

Lender of last resort

,

Law of one price

,

Letter security

,

Long

,

Long Bond

,

Long position

,

Long-term

,

Lending at a rate

,

Limit-on-close order

,

Limit price

,

Long Market Value

,

Law of demand

,

Law of supply

,

Limit move

,

Limit up

,

Lock-limit

,

London International Financial Futures and Options Exchange

,

Long hedge

,

London Inter-Bank Offer Rate

,

Level premium insurance

,

Level term insurance

,

Life insurance

,

Long-term care insurance

,

Loan stock

,

Long-term debt

,

Long-Term Equity Anticipation Securities

,

Letter of comment

,

Lockup period

,

Legal age

,

Line of credit

,

Loan-to-cost

,

Loan-to-value

,

Loan-value ratio

,

Lock-in

,

Long-term mortgage

,

Lapsed option

,

LEAPS

,

Listed option

,

Long leg

,

Long straddle

,

Lease-purchase agreement

,

Long-term lease

,

Leading the market

,

Like-kind exchange

,

Locked in

,

Long-term gain or loss

,

Level I quotes

,

Long squeeze

,

Low

,

Marketable security

,

Market conversion price

,

Maturity date

,

Medium-term

,

Medium-term bond

,

Mortgage-backed security

,

Mortgage pass-through security

,

Municipal bond insurance

,

Municipal Bond Insurance Association

,

Make a market

,

Market on close order

,

Mark-to-market

,

Medium of exchange

,

Marginal propensity to consume

,

Misery index

,

Most distant month

,

Major medical insurance

,

Mortgage life insurance

,

Marginable stock

,

Money at call

,

Market-share weighted index

,

Market-value weighted index

,

Market Volatility Index

,

Maximum price fluctuation

,

Movement

,

Negotiable certificate of deposit

,

Negotiable Order of Withdrawal

,

Negotiable security

,

New York Stock Exchange

,

Notice of Sale

,

National Association of Securities Dealers

,

National Association of Securities Dealers Automated Quotations system

,

Net capital ratio

,

NAPM index

,

Nearby month

,

Next month

,

Non-equity option

,

Notice period

,

Nikkei Index

,

Nonparticipating life insurance policy

,

Nonvoting stock

,

Null and void

,

Notice of Default

,

Naked option

,

Near option

,

Non-qualified stock option

,

Non-statutory stock option

,

National Association of Real Estate Investment Trusts

,

Normal retirement age

,

No-load stock

,

Nasdaq Composite Index

,

Negative Volume Index

,

Nonaccredited investor

,

NYSE Composite Index

,

Off-balance-sheet financing

,

Off the books

,

One time charge

,

Operating leverage

,

Other long term liabilities

,

Overhead ratio

,

Office of Thrift Supervision

,

Offer

,

Offering price

,

Out-of-favor

,

Over-the-Counter

,

Off-floor order

,

On-floor order

,

On margin

,

Option account

,

Or better

,

Option

,

Optionable stock

,

Original issue stock

,

Offering date

,

Opinion of title

,

On account

,

On-the-spot loan

,

Option income fund

,

OCC

,

Option chain

,

Option contract

,

Option holder

,

Option margin

,

Option pool

,

Option premium

,

Option price

,

Option pricing curve

,

Options Clearing Corporation

,

Option series

,

Option spread

,

Options Prices Reporting Authority

,

Option writer

,

Out of the money

,

Old age, survivors, and disability insurance

,

On-balance volume

,

October Effect

,

Odd lot buy/sell ratio

,

Off-board

,

On close

,

On open

,

On the opening

,

Option exchange

,

Pooling of interests

,

Pre-depreciation profit

,

Pre-tax profit margin

,

Profit and loss statement

,

Payment date

,

Payment-in-kind security

,

Premium over bond value

,

Premium over conversion value

,

Price Value of a Basis Point

,

Public purpose bond

,

Purchase

,

Payment for order flow

,

Purpose loan

,

Payable date

,

Payout ratio

,

Preferred stock

,

Prior preferred stock

,

P&L

,

Primary earnings per share

,

Provision for income taxes

,

Price index

,

Producer Price Index

,

Parity price

,

Price limit

,

Participating insurance

,

Pre-existing conditions

,

Private Mortgage Insurance

,

Public offering price

,

Per stirpes

,

Pour-over will

,

Power of Attorney

,

Paid up

,

Prioritization of debt

,

Projected maturity date

,

Purchase-money mortgage

,

Pure index fund

,

Physical option

,

Price spread

,

Put option

,

Purchase agreement

,

Prudent Expert Act

,

Paid-in capital

,

Paid-in surplus

,

Passive investor

,

Payback period

,

Pre-syndicate bid

,

Private Investment in Public Equity

,

Portfolio insurance

,

Preservation of capital

,

Put ratio backspread

,

Point-and-figure chart

,

Profit ratio

,

Painting the tape

,

Positive Volume Index

,

Price range

,

Price-weighted index

,

Put/call ratio

,

Qualified institutional investor

,

Quiet period

,

Reports and Records

,

Return of capital

,

Return on Capital

,

Return on Invested Capital

,

Return on Total Assets

,

Reverse leverage

,

Reserve ratio

,

Redemption date

,

Redemption price

,

Registered security

,

Regular-way delivery

,

Residual security

,

Restricted security

,

Round lot

,

Reading the tape

,

Real-time trade reporting

,

Regulation D

,

Regulation G

,

Regulation T

,

Regulation U

,

Round of funding

,

Rule 10b-6

,

Rules of Fair Practice

,

Rate of exchange

,

Reciprocal of European terms

,

Record date

,

Retail Price Index

,

Retail sales index

,

Range

,

Round turn

,

Reduced paid-up insurance

,

Replacement cost insurance

,

Ratio

,

Restricted stock

,

Red herring

,

Regulation A

,

Reverse Take-Over

,

Right of first refusal

,

Right of rescission

,

Right to Know

,

Rate lock

,

Revolving line of credit

,

Right of recourse

,

Roll over

,

Rule of 78

,

Ratio calendar combination

,

Ratio calendar spread

,

Ratio spread

,

Ratio write

,

Registered options principal

,

Roll up

,

Redemption period

,

Right of redemption

,

Retirement Equity Act of 1984

,

Roth IRA

,

Risk/return trade-off

,

Ratio analysis

,

Relative Strength Index

,

Return on Capital Employed

,

Rally

,

Rate of return

,

Real rate of return

,

Real-time

,

Retail investor

,

SEC filing

,

Selling, General and Administrative Expenses

,

SG&A

,

Savings and Loan

,

Savings Association Insurance Fund

,

Short-term reserves

,

Sight letter of credit

,

S&L

,

Stock association

,

SEC

,

Securities and Exchange Commission

,

Series EE bond

,

Short-term

,

Stamped security

,

Step-up bond

,

Stock buyback

,

SEC fee

,

Securities Investor Protection Corporation

,

Segregation of securities

,

Sell the book

,

Series 6

,

Stock loan

,

Stop price

,

Second preferred stock

,

Stock dividend

,

Standard of living

,

Series 3

,

Settlement price

,

Single stock futures

,

Spot month

,

Spot price

,

Second-to-die insurance

,

Self insurance

,

Settlement options

,

Single-premium life insurance

,

Stock life insurance company

,

Survivorship insurance

,

Secondary stock

,

Short interest ratio

,

Standard Industrial Classification

,

Stock bonus plan

,

Stock certificate

,

Stock Clearing Corporation

,

Stock consolidation

,

Stock exchange

,

Stock index

,

Stock market

,

Stock option

,

Stock option plan

,

Stock power

,

Stock screening

,

Stock swap

,

Stock symbol

,

Stock ticker

,

Subscription price

,

Statute of Limitations

,

Sale and leaseback

,

Satisfaction of debt

,

Security interest

,

Security loan

,

Senior security

,

Standard payment calculation

,

Staggered board of directors

,

Standard deviation

,

Stock fund

,

Style

,

Selling the spread

,

Single option

,

Spread option

,

Step-up warrant

,

Strike index

,

Synthetic stock

,

Special use property

,

Step-up lease

,

Savings Incentive Match Plan for Employees

,

SIMPLE IRA

,

Simplified Employee Pension IRA

,

Social Security

,

Social Security Tax

,

Spousal IRA

,

Santa Claus rally

,

Share price

,

Split-adjusted price

,

Stock list

,

Story stock

,

Security analysis

,

Selling short against the box

,

Shorting against the box

,

Short purchase

,

S Corporation

,

Short-term gain or loss

,

Standard deduction

,

Standard mileage rate

,

Subchapter M

,

Subchapter S Corporation

,

Schedule C

,

Securities Act of 1933

,

Securities Acts Amendments of 1975

,

Securities Exchange Act of 1934

,

Seek a market

,

Settlement date

,

Small investor

,

Sophisticated investor

,

S&P phenomenon

,

Stop and reverse

,

Term CD

,

Time deposit

,

Time draft

,

T-Bill

,

Term

,

Term bond

,

Term to maturity

,

Treasury Inflation-Protected Security

,

Trust-preferred security

,

Take a position

,

Time order

,

Two-way market

,

Trailing P/E

,

Trading range

,

Term insurance

,

Title insurance

,

Tender offer

,

Total return index

,

Treasury Stock

,

Tenancy by the entirety

,

Term deposit

,

Term loan

,

Time note

,

Treasury index

,

Truth in Lending

,

Term trust

,

Time spread

,

Tenancy at will

,

Time-sharing

,

Top hat plan

,

The Street

,

Time stop

,

Timing the market

,

Taxpayer Relief Act of 1997

,

Tax Reform Act of 1986

,

Tax Reform Act of 1993

,

Trading Index

,

Take a bath

,

Target price

,

Term repo

,

Trade date

,

Term sheet

,

U.S. Government Agency Security

,

U.S. Savings Bond

,

U.S. Treasury

,

U.S. Treasury Bill

,

U.S. Treasury Bond

,

U.S. Treasury Note

,

U.S. Treasury Securities

,

Underlying debt

,

Uniform Securities Act

,

Underlying security

,

Umbrella liability insurance

,

Uncovered option

,

Up volume

,

Unit of trade

,

Unit of trading

,

Value stock

,

Vetoing stock

,

Voting stock

,

Variable ratio write

,

Vesting period

,

Variable ratio plan

,

With interest

,

Williams Act

,

Wage price spiral

,

Waiver of premium

,

Watered stock

,

Widow-and-orphan stock

,

W-2 Form

,

W formation

,

When, as, and if issued

,

When issued

,

Wilshire 5000 Equity Index

,

X or XD

,

Year-over-year

,

Year-To-Date

,

Yield to call

,

Yield to maturity

,

Yield to worst

,

Y shares


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