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long-term business definition
- 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.
- Of or relating to a contract that is effective for a number of years, although the exact number varies by industry. In sports, for example, a 5-year contract may be considered long-term; for an electric utility, a contract for delivery of coal may last 20 years or more.
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