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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.

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


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 ?
Here, Austen uses the more exclusive definition of "country-dance" to refer to longways dances, which she differentiates from the square-based cotillions.
(4.) Longways dances were progressive dances for "as many as will" in which men and women stood opposite one another in two lines and couples danced up and down the line.
Our putative time-traveller would still have found longways country dances being performed on feast days, even if some of the choreographic details and tunes used as accompaniments had altered somewhat over time and space.
(2) The dancing booth, a canvas tent with wooden flooring on which longways country dances had been enthusiastically performed across almost the entire southern half of the country for the better part of a century, vanished completely.
They call for four couples in a longways set, and are preceded by a similar dance, also for four couples in a longways set, called 'Common Cotillion, or French Cotillion'.