leg out

verb

To dispose of a debt to avoid integrated treatment under US tax law.

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Meanings

verbleg out (third-person singular simple present legs out, present participle legging out, simple past and past participle legged out)

present singular third person legs out · participle present legging out · participle past legged out · past legged out

  1. USbusinessTo dispose of a debt to avoid integrated treatment under US tax law.
  2. To continue selling after opening weekend; to have legs.
Cite this entry
APA

leg out. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/leg%20out

MLA

“leg out.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/leg%20out. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “leg out,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/leg%20out.

Source: leg out on Wiktionary, CC BY-SA 4.0.