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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 ?
In Notice 2006-50, the IRS said that long-distance telephone service and certain bundled services are nontaxable.
Were BellSouth to succeed in winning the approval of Sprint's board, it might still take years for the combined company to go through the additional federal and state-by-state regulatory reviews that would be necessary before the company could offer a package of local and long-distance services in BellSouth's traditional Southeastern region.
According to Alger, the CRTC's upcoming decision will determine the future of long-distance service alternatives to Bell.
In order to cast a long-distance vote by electronic communication with the Company, Endesa shareholders must do so through the Company's webpage www.
Alestra provides long-distance services in Mexico since 1997.
The FCC this year has rejected proposals to enter the long-distance business by SBC and Ameritech Corp.
We believe we were chosen to support the Hebei long-distance education project because of our project operation experience, the advanced technology in our server systems combined with the AMD Opteron processor and our strong service team.
The first $2 billion is a reduction in excess profits of the Baby Bells, in the form of a reduction of the access fees they charge long-distance companies,'' which phone companies are expected to pass on to the ratepayers.
The contributions made by long-distance caregivers underscore the need to recognize the role played by all caregivers in the long-term care system today," said Sandra Timmermann, Ed.
That is roughly $110 for the average long-distance customer.
I've had a couple of readers tell me they simply refused to pay the slammer's long-distance charges - and got away with it.
4 billion deal that brings together local calling, long-distance and Internet access.