› (also long gilts, long-dated gilts, long-term gilts) UK government bonds that will be paid back more than 15 years in the future: Switching the debt into longer-term paper would boost the supply of longs and push down prices. LIFFE's futures contract for long gilts is one of the ten most heavily traded contracts in the world.
› shares, bonds, etc. that an investor is keeping and planning to sell at a profit when the price rises: The stock moved up and down sharply as a tug-of-war game was played out between the shorts and the longs. → Compare shorts → See also long position