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Glossary   >   L   >   "Long Term Equity Anticipation Securities - LEAPS" Definition            Long Term Equity Anticipation Securities - LEAPS An options contract that expires more than 9 months in advance, and can last as long as 2 years. Normal options tend to last no longer than nine months. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Long Term Equity Anticipation Securities - LEAPS - An options contract that expires more than 9 months in advance, and can last as long as 2 years. Normal options tend to last no longer than nine months.