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L
LIFO—Last In, First Out
Lapse
Large-Cap Stock
Last
Leap
Level Load
Level Term Insurance
Liability Insurance
Lien
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Limit Order
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Living Trust
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Long-Term Capital Gains
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Long
†
Investors who go "long" simply own stock or another security. It is a term that means the opposite of "short," in which investors are short a stock or security because they have borrowed it and sold it to someone else.
† ©CBS MarketWatch
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