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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.
References in periodicals archive ?
Some of those books, such as Helen Bannerman's Little Black Sambo, seriously stereotyped and distorted the images of black people, while others like Harold Courlander's Ride With the Sun: Folk Tales and Stories From All Countries of the United Nations took me longingly from Iraq and Belgium to Mexico and Ethiopia.
If you've ever looked longingly at a high-definition television in an electronics store, the nagging question in your mind is probably, "Does anybody really own one of these?" Well, you might be surprised to find out that there's a bunch of public high school students in Indianapolis, Ind., who not only watch HDTV, but also create it.
Charlie's Angels star Drew Barrymore was said to have the sexiest eyes - nearly one in five men said they would like to gaze longingly into the Hollywood star's eyes.
And while Western business people often look longingly at the perceived huge Chinese market, exporters should "try to drive the phrase '1.4 billion consumers' out of their heads," as more than half of the Chinese population is too poor to enter the market, says FAS.
This novel, both a theological and secular mystery, takes its title from the Gershwin song, in which a young woman sings longingly for a lover.
Not surprisingly, it turns out that the HUI is a retail trade lobby--an organization that looks longingly at all the money lavished on immunization programs and prenatal care and wonders why those funds aren't freed up so that the Swedes can buy more Nokias.
In an attempt to cut costs, much of Taiwan's industry has come to look longingly at relocating to mainland China.
Kent speaks longingly of importing the likes of Laurence Fishburne or Morgan Freeman, if they would ever consider London "fringe" wages of less than $500 a week.
Simultaneously, they gazed longingly at the socialist star to the East whose brilliance guided them, producing skits that revolved around Soviet developments (and myths).
It is not there like a birthday gift to a child, delivered before the day, looked on longingly with all the anticipation she can muster.
"Whatever must be on Compuserve must be tenfold on Internet," he said longingly. But his first experience through the Internet was with America Online, he recalls, that recently began some Internet services for its users.