Long-term financial plan

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Also found in: Acronyms.

Long-term financial plan

Financial plan covering two or more years of future operations.

Long-Term Financial Plan

An investment plan or strategy with a term of usually longer than one year. A long-term financial plan involves more uncertainty than anything short-term because, typically, market trends are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to enjoy financial security in retirement. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it.
References in periodicals archive ?
Long-term financial plans can forecast the resources that will be needed to achieve financial and operational goals.
We can active]y develop long-term financial plans at whatever level of detail is appropriate in our own circumstances.

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