TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LEAPS [1 record]

Record 1 2008-06-19

English

Subject field(s)
  • Investment
DEF

Long-term equity anticipation securities. Publicly traded options contracts with expiration dates that are longer than one year.

OBS

Structurally, LEAPS are no different than short-term options, but the later expiration dates offer the opportunity for long-term investors to gain exposure to prolonged price changes without needing to use a combination of shorter-term option contracts.

OBS

Term generally used in the plural.

Key term(s)
  • long-term equity anticipation securities

French

Domaine(s)
  • Investissements et placements
DEF

Option sur actions à long terme. Options sur actions ayant pour caractéristique particulière des échéances qui s'étendent sur une plus longue période que les options sur actions plus classiques.

OBS

Les échéances peuvent aller jusqu'à deux, trois ou même cinq ans.

OBS

Terme habituellement utilisé au pluriel.

Key term(s)
  • options sur actions à long terme

Spanish

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