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Related to longed: lounged


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 classic literature ?
But he was neither fitted by abilities nor disposition to answer the wishes of his mother and sister, who longed to see him distinguished--as--they hardly knew what.
How we longed for the light and heat of a blazing fire when we got back