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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 ?
There is a question whether adequate credit analysis was performed by creditors of Long-Term Capital, which needs to be examined carefully during the next few weeks.
Too much emphasis cannot be placed on the principle that a construction loan is supported by real estate and not by a long-term lender's commitment.
The current cost of long-term nursing-home care ranges from approximately $25,000 to $75,000 per year, depending on the amenities provided, the extent of care required, the age of the recipient and the location of the facility.
The board doesn't take an active role in directing the long-term interest of the company.
Long-term care services being developed by employers include:
The results indicate a "sphingosine-sensitive process" is critical to induce long-term potentiation, the researchers suggest, whereas an unidentified protein kinase affected by H7 is crucial for its maintenance.
In this climate, litigation in the long-term care arena surges on, especially in the "open floodgate" liability states of Florida, Texas, and California.
To this day, many people continue to believe they're covered for long-term care by their individual or group health insurance policy They're not.
The three major stakeholders in the private long-term care marketplace--the financiers, the providers, and the insurers--have to pull together in common purpose toward this end.
Often enough, discussions about the work potential of people with long-term mental illness begin with a question about whether or not the majority of those who want to work can indeed do so.