An obligation having a maturity of more than one year from the date it was issued. Also called funded debt.
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An options position where a person has executed one or more option trades where the net result is that they are an “owner” or holder of options (i. e. the number of contracts bought exceeds the number of contracts sold)._ Occurs when an individual owns securities. An owner of 1,000 shares of stock is said to be “Long the stock.” Related: Short position