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.
Black’s Law Online Dictionary
