What is the defination of Long term
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occurring over or involving a relatively long period of time seeking long-term solutions. 2a : 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.
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Long term refers to the extended period of time that an asset is held. Depending on the type of security, a long-term asset can be held for as little as one year or for as long as 30 years or more.
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