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Three or more years. In the context of accounting, more than 1 year.

Long Term

Describing a plan, strategy, security, or anything else with a term of longer than one year. The exact number of years varies according to the usage. For example, a long term financial plan outlines investment and other financial goals for any time more than one fiscal year, while a long term bond has a maturity of 10 or more years. Anything long term involves more uncertainty than anything short term because, generally speaking, market trends are more easily predictable in the short term. Thus, while planning for the long term is necessary, one's plan must be flexible to account for its inherent uncertainty.


1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. See also holding period.
2. Of or relating to a liability for which a long period of time (usually one year) remains until payment of the face amount comes due. A long-term bond is a long-term liability.
References in periodicals archive ?
The Ontario Nurses' Association says new legislation is missing key elements that are essential to safer long-term care environments: minimum staffing standards, improved working conditions and adequate transparency and accountability regarding how public funds are being spent.
About 40% of the nation's functionally disabled people who need long-term care are between the ages of 18 and 64.
Instead of being taxed at ordinary rates on the entire gain, clients can be taxed at lower long-term capital gain rates on the land's appreciated value by engaging in the following tax plan:
And some long-term care companies have filed bankruptcy or sold facilities, further harming the entire market and eroding society's ability to provide the best care for its elders.
Wrong,'' said Ron Barkley, a Los Angeles elder law attorney who specializes in navigating long-term care financing.
110(c)(1) defines the term "qualified long-term real property" as nonresidential real property, which is part of, or otherwise present at, the retail space referred to in Sec.
Consensus Statement on Long-term Effectiveness Research
The agenda is, as usual, a crowded one: professional and consumer education, the removal of financial disincentives, the restructuring of programs and policies, and the development of the financial resources for long-term support are all critical aspects of a genuine effort to assist persons with long-term mental illness to work.
Gilbert Guide Online offers a flexible and time-saving resource for subscribers who now have the option of being able to conveniently conduct their long-term care search from home, work, or in tandem with the printed guide.
Finally, there's no guarantee that long-term care insurers, some of which have weak balance sheets, will be around 20, 30, or 40 years from now when you need them to pay.
offered a third proposal for using tax laws to influence long-term care: S 1335, the Long-Term Care and Retirement Security Act of 2003.
Insurance to pay for long-term care began with nursing-home insurance, which appeared soon after passage of the legislation creating Medicare in 1965.