LONG POSITION
\lˈɒŋ pəzˈɪʃən], \lˈɒŋ pəzˈɪʃən], \l_ˈɒ_ŋ p_ə_z_ˈɪ_ʃ_ə_n]\
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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 called a bull speculator. Instead of offsetting it with a counter-contract, if the position is held into the delivery period, this speculator will receive delivery of the actual commodity, instrument, or share. Contrast to short position. Also known as long.
By Henry Campbell Black