Meaning of long-term

long-term

Pronunciation: (lông'tûrm", long'-), [key]
— adj.
  1. covering a relatively long period of time: a long-term lease.
  2. maturing over or after a relatively long period of time: a long-term loan; a long-term bond.
  3. (of a capital gain or loss) derived from the sale or exchange of an asset held for more than a specified time, as six months or one year.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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