Category: L

Two or more central offices are typically involved in this type of telephone call.

Calculated as long-term debt divided by total assets. A firm’s debt capacity for its working capital structure is determined this way.

A yield curve of more than seven years. Refer to belly of the curve and short end.

Calculated as long-term debt divided by working capital. A firm’s degree of reliance on long-term debt is understood by this for financing its day-to-day operations.

B/L with the terms and conditions of carriage printed on its back. Either the older Hague rules or the more recent HagueVisby rules govern these terms. Conditions of carriage are defined as the rights, responsibilities and liabilities of the carrier and the shipper. Also refer to short form bill of lading.

An advantage or protection is secured by this type of transaction against a possible price increase of a traded item, like a commodity, financial instrument, security, and the like. These will be bought or sold in the future. It intends to provide some partial protection for buyers and consumers by securing at a fixed ceiling price a specific future supply. It intends to lock in an advantageous floor price for the seller. Also known as buy hedge, buying hedge, or purchasing hedge. Also refer to short hedge.

The current market value of a brokerage account’s securities calculated daily.

With the intention of holding purchase securities in anticipation of a price increase, an investor purchases or contracts to purchase commodities, financial instruments, and shares. An investor with a long position is called a bull speculator. Instead of offsetting it with a counter-contract, if the position is held into the delivery period, this speculator will receive delivery of the actual commodity, instrument, or share. Contrast to short position. Also known as long.

Metal products typically sold by length, such as angles, bars, rods, and the like.

A downward stock price trend accelerated by attempted long position liquidations by investors, hoping to minimize their losses. Also refer to short squeeze.