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Long

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.

Long Position

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

long

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.
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MOST family carers say they would have little to no trust in their local authority to offer adequate support to their loved one if they could no longer provide it, a disability charity has warned.
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It means many people in their 40s will have to wait a year longer than expected before they qualify for their pension.
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But what is even worse than it was in the 1960s, is that it now takes us longer to get to the airport, where we have to spend more time before boarding our aircraft, then longer to get through the airport after landing and longer to be driven to our destination.