long(redirected from long-drawn-out)
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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See long position.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.