Long market value
Long market value
Long Market Value
The market value of a security or group of securities as of the close of the most recent trading day or business day.
References in periodicals archive
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Equity is defined as the Long Market Value plus the Credit Balance, less any Short Market Value and Debit Balance.
Remember that market value is long market value minus short market value, and because the customer owns no securities long in this example, the "long market" value is zero, making the market value of the account negative.
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