Definition of Long account

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TeachMeFinance.com - explain Long account




historic definition...

Long account -- A term applied to the collective purchases of a particular stock or to collective purchases of stocks in general, which purchases are in expectation of a rise in the price of the particular stock or in the prices of stocks in general. The term also applies to corresponding purchases of grain, cotton, coffee, etc.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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