Business Glossary
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- ownership of a security, giving the investor the right to transfer ownership to someone else by sale or by gift; the right to receive any income paid by the security; and the right to any profits or losses as the security's value changes.
- investor's ownership of securities held by a brokerage firm.
- currency, security, or financial instrument owned outright by a dealer, indicating a net asset position. A dealer holding $5 million in U.S. dollars would say, "I am long in dollars." The opposite is a short position , or a net deficit. In financial futures, the term refers to a trader's market position when purchasing a futures contract without closing out the position by making an offsetting sale; in options, a call option that has not been exercised or allowed to expire.
- securities held by a broker-dealer, either for a customer or its own trading account.
- ownership of an asset, such as a security, giving the investor the right to transfer ownership to someone else by sale or by gift; right to receive any income paid by the security; right to any profits or losses as the security's value changes.
- investor's ownership of securities held by a brokerage firm.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

