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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". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.