Pronunciation: ' lo ̇ ŋ - ' t ə rm
Function: adjective
Date: 1904
1 : occurring over or involving a relatively long period of time <seeking long-term solutions>
2 a : of, relating to, or constituting a financial operation or obligation based on a considerable term and especially one of more than 10 years < long-term bonds> b : generated by assets held for longer than six months <a long-term capital gain>