Longs


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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.

Longs

BONDS, DEBENTURES and PREFERENCE SHARES which have a redemption date of 15 years or more.
References in classic literature ?
Twice Saxon tried to tell Billy the detalls of her acquaintance with Long, but each time was put off.
As a last scene, a "human pyramid" had been announced, in which fifty Long Noses were to represent the Car of Juggernaut.
Lyell, that the large quadrupeds lived subsequently to that period, when boulders were brought into latitudes at which icebergs now never arrive: from conclusive but indirect reasons we may feel sure, that in the southern hemisphere the Macrauchenia, also, lived long subsequently to the ice-transporting boulder-period.
It was "after a bit," as she said, for when the carriage passed through the park gates there was still two miles of avenue to drive through and the trees (which nearly met overhead) made it seem as if they were driving through a long dark vault.
I am a Spirit like yourself, and cannot serve you as I long to do.
He rode himself within a spear's-length of his standard, clad from neck to foot in steel, but draped in the long linen gown or parement which was destined to be the cause of his death.
When he came to the creek that was shallow and splashed down over the stones, he dashed into the water and turned to look back, and when he saw his grandfather still running toward him with the long knife held tightly in his hand he did not hesitate, but reaching down, se- lected a stone and put it in the sling.
But her hesitation was only for an instant, though long enough to display a scarlet letter on her breast.
Crawling on all fours, I made steadily but slowly towards them, till at last, raising my head to an aperture among the leaves, I could see clear down into a little green dell beside the marsh, and closely set about with trees, where Long John Silver and another of the crew stood face to face in conversation.
Rather a long time between meets, though, it seems to me.
Here was old Yermil in a very long white smock, bending forward to swing a scythe; there was a young fellow, Vaska, who had been a coachman of Levin's, taking every row with a wide sweep.
When people are too well off they always begin to long for something new.