Related Words

Long-Term Gain: A profit on the sale of a capital assets held longer than 12 months, and eligible for long-term capital gains tax treatment.

Capital Gains Tax (CGT): A capital gains tax is due on profits you realize on the sale of a capital asset, such as stock, bonds, or real estate. Long-term gains, on assets you own more than a year, are taxed at a lo . . . View Full Definition

Long-Term Capital Gain (Or Loss): When you sell a capital asset that you have owned for more than a year at a higher price than you paid to buy it, any profit on the sale is considered a long-term capital gain. If you sell f . . . View Full Definition

Long-Term Goals: Financial goals expected to be accomplished in five years or longer.

Maximum Capital Gains Mutual Fund: A mutual fund whose objective is to produce capital gains by investing in small or risky rapid-growth companies.

Long-Term Investment: An expenditure to acquire a non-operating asset that is expected to increase in value or generate income for longer than 1 year.

Long-Term Investor: A person who makes investments for a period of at least five years in order to finance his or her long-term goals.

Long-Term Memory: The final phase of memory in which information storage may last from hours to a lifetime.

Long-Term Liabilities: Amount owed for leases, bond repayment, and other items due after 1 year.

Long-Term Loss: A loss on the sale of a capital asset held less than 12 months that can be used to offset a capital gain.