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One who has bought a contract to establish a market position and who has not yet closed out this position through an offsetting sale; the opposite of short.

Long Position

The ownership of a security or derivative, or the state of having bought one or the other. A long position brings with it the right to coupon payments or dividends attached to the security or derivative. Informally, one who owns 100 shares of a stock is said to be "long 100 of the stock." Likewise, an investor who has bought (or holds) an option is said to be "long the option" because he/she has the right to exercise the option at a later date. See also: Short position, Close a position.


References in periodicals archive ?
As a child who saw how my elder brothers meticulously cleaned their long-playing records, the idea of having songs to play on my mobile phone was unimaginable.
1931: Long-playing records (33rpm) were demonstrated in New York by RCA-Victor, but failed because of the high price of the players: the first real microgroove records did not appear until 1948.
Prognosis: Don't start listening to any long-playing records.
He teaches his class about the history of how music was processed, from long-playing records to cassettes to CDs.
Pennario, listed in the New Grove Dictionary of Music, made many recordings in the days of long-playing records, notably of works by Gershwin and Rachmaninoff, and appeared with well-known orchestras and conductors.
He was widely recorded and released more than 50 long-playing records for the Spotlight Varieties, W & G, Astor and Polygram labels.
RCA stopped making vinyl long-playing records years ago but the CD you play in your Mishawaka-made Hummer H2 probably was made by Sony Disc Manufacturing in Terre Haute.
Everything' consisted mainly of hi-fi equipment and a collection of vinyl long-playing records.
Long-playing records were still something of a novelty but were sometimes programmed; most of the recordings were 78s.
For the one in May 1981 Lawler brought seven photograms of long-playing records, one of them the Supremes' "Where Did Our Love Go?
And, of course, I prefer my long-playing records to my CDs.
Instead of nostalgia, perhaps it was uncanny foresight that led some people to keep their obsolete long-playing records all these years.