Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LONG POSITION

With the intention of holding purchase securities in anticipation of a price increase, an investor purchases or contracts to purchase commodities, financial instruments, and shares. An investor with a long position is

LONG PRODUCTS

Metal products typically sold by length, such as angles, bars, rods, and the like.

LONG SQUEEZE

A downward stock price trend accelerated by attempted long position liquidations by investors, hoping to minimize their losses. Also refer to short squeeze.

LONG STRADDLE

A call option is a long position taken as an options strategy with a put option. Contrast to short straddle. Also known as bull straddle.

LONG TERM CARE (LTC)

Health care professionals administering to people with diseases or disabilities lets this term refer to health or social care.

LONG TERM CARE FACILITY

Long-term basis for nursing or custodial care occurs at such a facility. Typically, this kind of facility is state-licensed.

LONG TERM DEBT

Some amount due from the balance sheet date for 12 months or longer. A bank loan, mortgage bonds, debenture, or other obligations not due for one year are several examples. In a

LONG TERM INVESTMENT

Bond, debenture, preferred stock/preference shares that mature in 10 years or more as an investment instrument.

LONG TERM LIABILITY

A year or more in the future, either from the balance sheet date or today, this obligation is due in goods or services. Disclosing its long-term liabilities with their interest rates, other

LONG TERM OBJECTIVES

Five years or longer strategy to achieve intended performance goals of an organization. Planned improvements of organization’s competitive position, profitability, technology leadership, investment gain, productivity, employee relations, and corporate image are considered

LONG TERM PLAN

Five years or longer planning horizon for this type of plan. Also known as long range plan.

LONG TERM PLANNING

Activities of formulating a long-term plan. Future needs estimating typically is an extrapolation of present or known needs. The extrapolation for achieving interim goals starts with current status, projected status roadmap, includes

LONG TON

2,240 pounds, also called an imperial ton. Mostly replaced these days with the metric ton or tonne. Weighs 1,000 kilograms or 2,204.68 pounds. One million dollars in new one dollar notes is

LONGEVITY PAY

A contract to provide annual seniority-based employee compensation. Given as compensation for their service to top pay-scale employees.

LONGITUDINAL STUDY

To identify a long-term trend, applying this statistical study. Also refer to cross sectional study.

LONG-RUN AGGREGATE SUPPLY

in a specific period of time, produced and tracked across the national economy, this is the total amount of goods and services .

LONG-TERM CONTRACTS (LTC)

Contracts over a period of one year in length with construction performance related activities. Residential and commercial construction contracts are typical for this type.

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