long

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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.

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.

long

References in periodicals archive ?
Senate Bill 1061 would remedy this problem by amending the current law to provide that a water's-edge taxpayer would no longer automatically taint any non-electing affiliates with which it becomes unitary.
The term also includes a position taken on a prior year's return that no longer meets these standards due to legislation, judicial decisions or administrative pronouncements that apply retroactively.
The circular no longer requires auditors to test all programs exceeding a certain dollar threshold.
92-36 and 89-23 and announcement 95-48 was no longer adequate, practitioners should look to 96-64 for guidance.
5 pension benefit obligation, or an actuarial update of the previous year's obligation, but they would no longer have to provide 10-year trend information based on the obligation.
If so, present value should be abandoned because it is no longer needed.
Companies that no longer have operations in the coal industry should account for their entire obligation as a loss under FASB Statement no.