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Word of the Day - Long-term

long-term

[lawng-turm, long-]

–adjective
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.