Long-term equity anticipation security
Long-term equity anticipation security (also known by its acronym, LEAPS) is a long-term option that is listed on the exchanges and tied to individual stocks and stock indexes.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Long-term equity anticipation security (LEAPS). A long-term option that is listed on the exchanges and tied to individual stocks and stock indexes.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
