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Financial Terms | |
Long |
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Definition of LongLongOne who has bought a contract(s) to establish a market position and who has not yet closed out this
Related Terms:Long bondsBonds with a long current maturity. The "long bond" is the 30-year U.S. government bond. Long bondsBonds with a long current maturity. The "long bond" is the 30-year U.S. government bond. Long coupons1) Bonds or notes with a long current maturity. Long coupons1) Bonds or notes with a long current maturity. Long hedgeThe purchase of a futures contract(s) in anticipation of actual purchases in the cash market. Used Long positionAn options position where a person has executed one or more option trades where the net Long positionOutright ownership of a security or financial instrument. The ![]() long positionPurchase of an investment. Long rateThe yield on a zero-coupon Treasury bond. Long runA period of time in which all costs are variable; greater than one year. Long runA period of time in which all costs are variable; greater than one year. Long straddleA straddle in which a long position is taken in both a put and call option. Long-termIn accounting information, one year or greater. Long-term assetsValue of property, equipment and other capital assets minus the depreciation. This is an Long-term debtAn obligation having a maturity of more than one year from the date it was issued. Also Long-term debtA debt for which payments will be required for a period of more than ![]() Long Term DebtLiability due in a year or more. Long-term debt/capitalizationIndicator of financial leverage. Shows long-term debt as a proportion of the Long-term debt ratioThe ratio of long-term debt to total capitalization. Long-term debt to equity ratioA capitalization ratio comparing long-term debt to shareholders' equity. Long-term financial planFinancial plan covering two or more years of future operations. Long-term liabilitiesAmount owed for leases, bond repayment and other items due after 1 year. LONG-TERM LIABILITIESBills that are payable in more than one year, such as a mortgage or bonds. Long-term liabilitiesAmounts owing after more than one year. Longer-Term Fixed AssetsAssets having a useful life greater than one year but the duration of the 'long term' will vary with the context in which the term is applied. Other long term liabilitiesValue of leases, future employee benefits, deferred taxes and other obligations accumulated depreciationA contra, or offset, account that is coupled ![]() Advance material requestVery early orders for materials before the completion Aggregate Supply CurveCombinations of price level and income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not. amortizationThis term has two quite different meanings. First, it may AssurisAssuris is a not for profit organization that protects Canadian policyholders in the event that their life insurance company should become insolvent. Their role is to protect policyholders by minimizing loss of benefits and ensuring a quick transfer of their policies to a solvent company where their benefits will continue to be honoured. Assuris is funded by the life insurance industry and endorsed by government. If you are a Canadian citizen or resident, and you purchased a product from a member life insurance company in Canada, you are protected by Assuris. Average maturityThe average time to maturity of securities held by a mutual fund. Changes in interest rates Back officeBrokerage house clerical operations that support, but do not include, the trading of stocks and Back To Back AnnuityThis term refers to the simultaneous issue of a life annuity with a non-guaranteed period and a guaranteed life insurance policy [usually whole life or term to 100]. The face value of the life insurance would be the same amount that was used to purchase the annuity. This combination of life annuity providing the highest payout of all types of annuities, along with a guaranteed life insurance policy allowed an uninsurable person to convert his/her RRSP into the best choice of annuity and guarantee that upon his/her death, the full value of the annuity would be paid tax free through the life insurance policy to his family members. However, in the early 1990's, the Federal tax authorities put a stop to the issuing of standard life rates to rated or uninsurable applicants. Insuring a life annuity in this manner is still an excellent way to provide guaranteed tax free funds to family members but the application for the annuity and the application for the life insurance are separate transactions and today, most likely conducted through two different insurance companies so that there is no suspicion of preferential treatment given to the life insurance application. BAN (Bank anticipation notes)Notes issued by states and municipalities to obtain interim financing for BearAn investor who believes a stock or the overall market will decline. A bear market is a prolonged period Bear MarketA prolonged period of falling stock market prices. Bollinger band chartA financial chart that plots actual asset data along BONDA long-term, interest-bearing promissory note that companies may use to borrow money for periods of time such as five, ten, or twenty years. BondA long-term debt instrument in which the issuer (borrower) is bondA debt security issued by a government or company. You receive regular interest payments at specified rates while you hold the bond and you receive the face value when it matures. Short-term bonds mature in less than five years; medium-term bonds mature in six to ten years; and long-term bonds mature in eleven years or greater. Bull MarketA prolonged period of rising stock market prices. Business CycleFluctuations of GDP around its long-run trend, consisting of recession, trough, expansion, and peak. BuyTo purchase an asset; taking a long position. Canada Pension Plan (CPP)A plan that provides retirement and long term disability income benefits to residents of Canadian provinces (excluding Quebec). Canadian Deposit Insurance CorporationBetter known as CDIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the CDIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds. CapitalExpenditures Purchases of productive long-lived assets, in particular, items of property, Capital assetA fixed asset, something that is expected to have long-term usage within capital budgetmanagement’s plan for investments in longterm Capital budgetingThe process of choosing the firm's long-term capital assets. capital budgetinga process of evaluating an entity’s proposed Capital expendituresAmount used during a particular period to acquire or improve long-term assets such as capital expendituresRefers to investments by a business in long-term Capital marketThe market for trading long-term debt instruments (those that mature in more than one year). Capital MarketA market that specializes in trading long-term, relatively high risk Capital MarketThe market in which savings are made available to those needing funds to undertake investment projects. A financial market in which longer-term (maturity greater than one year) bonds and stocks are traded. capital marketsMarkets for long-term financing. Capital structureThe makeup of the liabilities and stockholders' equity side of the balance sheet, especially capital structureFirm’s mix of long-term financing. capitalization of costsWhen a cost is recorded originally as an increase Capitalization tableA table showing the capitalization of a firm, which typically includes the amount of CARs (cumulative abnormal returns)a measure used in academic finance articles to measure the excess returns an investor would have received over a particular time period if he or she were invested in a particular stock. Cash Flow Provided or Used from Investing ActivitiesCash receipts and payments involving Clear a positionTo eliminate a long or short position, leaving no ownership or obligation. Closing saleA transaction in which the seller's intention is to reduce or eliminate a long position in a stock, committed costa cost related either to the long-term investment Corporate financial planningFinancial planning conducted by a firm that encompasses preparation of both current liabilitiesCurrent means that these liabilities require payment in Customized benchmarksA benchmark that is designed to meet a client's requirements and long-term Debt capacityAbility to borrow. The amount a firm can borrow up to the point where the firm value no Debt/equity ratioIndicator of financial leverage. Compares assets provided by creditors to assets provided DepreciationA non-cash expense that provides a source of free cash flow. Amount allocated during the depreciationRefers to the generally accepted accounting principle of allocating DepressionA prolonged period of very low economic activity with large-scale unemployment. Disability InsuranceInsurance that pays you an ongoing income if you become disabled and are unable to pursue employment or business activities. There are limits to how much you can receive based on your pre-disability earnings. Rates will vary based on occupational duties and length of time in a particular industry. This kind of coverage has a waiting period before you can begin collecting benefits, usually 30, 60 or 90 days. The benefit paying period also varies from 2 years to age 65. A short waiting period will cost more that a longer waiting period. As well, a long benefit paying period will cost more than a short benefit paying period. Discouraged WorkerAn unemployed person who gives up looking for work and so is no longer counted as in the labor force. Dividend reinvestment plan (DRP)Automatic reinvestment of shareholder dividends in more shares of a environmental constraintany limitation on strategy options equityRefers to one of the two basic sources of capital for a business, the EquityThe net worth of a business, consisting of capital stock, capital (or paid-in) surplus (or retained earnings), and, occasionally, certain net worth reserves. Common equity is that part of the total net worth belonging to the common shareholders. Total equity includes preferred shareholders. The terms common stock, net worth, and common equity are frequently used interchangeably. Extended Amortization PeriodAn amortization period that continues beyond a long-lived asset's economic useful life. Extension swapExtending maturity through a swap, e.g. selling a 2-year note and buying one with a slightly Financial leaselong-term, non-cancelable lease. Fixed assetlong-lived property owned by a firm that is used by a firm in the production of its income. Fixed assetAn item with a longevity greater than one year, and which exceeds a company’s fixed assetsAn informal term that refers to the variety of long-term operating Fixed-charge coverage ratioA measure of a firm's ability to meet its fixed-charge obligations: the ratio of fixed expenses (costs)Expenses or costs that remain the same in amount, Flat price riskTaking a position either long or short that does not involve spreading. Flattening of the yield curveA change in the yield curve where the spread between the yield on a long-term Force majeure riskThe risk that there will be an interruption of operations for a prolonged period after a Foreign exchange riskThe risk that a long or short position in a foreign currency might have to be closed out GearingA measure of the extent of long-term debt in comparison with shareholders’ funds. GNMA-IIMortgage-backed securities (MBS) on which registered holders receive an aggregate principal and Going-private transactionsPublicly owned stock in a firm is replaced with complete equity ownership by a growth fundsMutual funds that seek long-term capital growth. This type of fund invests primarily in equity securities. Hedged portfolioA portfolio consisting of the long position in the stock and the short position in the call Homemade leverageIdea that as long as individuals borrow (or lend) on the same terms as the firm, they can Hurdle RateA pre-determined benchmark rate of return. If the rate of return expected from the project or investment falls below the benchmark, the projected investment will no longer be accepted. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |