Long refers to holding onto an asset, such as a stock or item, with the belief that its price will rise. This is similar to waiting for a toy to gain popularity before selling it. Having a long position indicates an expectation of an increase in value. Conversely, the opposite of long is short, indicating an anticipation of a decrease in value.
When used as an adjective, “long” refers to the act of holding a security or commodity with the expectation that its price will increase. As a noun, it refers to the purchase of securities or commodities in anticipation of rising prices. The opposite of “long” is “short”. For instance, if a buyer is “long” on pharmaceutical stock, they are holding the stock with the expectation that its price will increase. Similarly, if someone takes a “long” position in gold futures, they are hoping to profit from the expected rise in gold prices. In both examples, the concept of being “long” is illustrated, which means holding a security or commodity with the expectation of a price increase. In the first example, the buyer is holding pharmaceutical stock with the expectation that its price will rise. In the second example, John is taking a “long” position in gold futures, which means he is buying the futures contract with the expectation that the price of gold will rise, allowing him to sell the contract at a profit.
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If you are injured in a car accident, seek medical attention first and then report the accident to the police. It is also important to gather evidence, exchange information with the other party involved, and notify your insurance company.
In most cases, employment in the United States is considered “at-will,” which means that employers can terminate employees for any reason as long as it is not discriminatory or in violation of an employment contract.
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If you are arrested, you have the right to remain silent, the right to an attorney, and the right to be informed of the charges against you. It is important to exercise these rights and consult with an attorney before providing any statements to the police.
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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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