[lawng-turm, long-] 
| 1. | covering a relatively long period of time: a long-term lease. |
| 2. | maturing over or after a relatively long period of time: a long-term loan; a long-term bond. |
| 3. | (of a capital gain or loss) derived from the sale or exchange of an asset held for more than a specified time, as six months or one year. |
| long-term (lông'tûrm', lŏng'-) adj. Involving, maturing after, or being in effect for a long time: a long-term investment. |
long-term
Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term 1. See also holding period.
Of or relating to a liability for which a long period of time (usually one year) remains until payment of the face amount comes due. A long-term bond is a long-term liability.