Long-term equity anticipation security

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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

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