LONG

In various compound legal terms (see infra) this word carries a meaning not essentially different from its signification in the vernacular. In the language of the stock exchange, a broker or speculator is said to be “long” on stock, or as to a particular security, when he has in his possession or control an abundant supply of it, or a supply exceeding the amount which he has contracted to deliver, or, more particularly, when he has bought a supply of such stock or other security for future delivery, speculating on a considerable future advance in the market price. See Kent v. Miltenberger, 13 Mo. App. 506. Long account. An account involving numerous separate items or Charges, on one side or both, or the statement of various complex transactions, such as a court of equity will refer to a master or commissioner or a court of law to a referee under the codes of procedure. See Dickinson v. Mitchell, 19 Abb. Prac. (N. Y.) 286; Druse v. Horter, 57 Wis. 644, 16 N. W. 14; Doyle v. Metropolitan EI. R. Co., 1 Misc. Rep. 376, 20 N. Y. Supp. 865. Long parliament. The name usually given to the parliament which met in November, 1640, under Charles I., and was dissolved by Cromwell on the 10th of April, 1653. The name “Long Parliament” is, however, also given to the parliament which met in 1661, after the restoration of the monarchy, and was dissolved on the 30th of December, 1678. This latter parliament is sometimes called, by way of distinction, the “long parliament Bl. Law Dict.(2d Ed.)47 of Charles II.” Mozley & Whitley. Long qninto, the. An expression used to denote part second of the year book which gives reports of cases in 5 Edw. IV. Long robe. A metaphorical expression designating the practice or profession of the law: as, in the phrase “gentlemen of the long robe.”Long ton. A measure of weight equivalent to 20 hundred weight of 112 pounds «ach, or 2,240 pounds, as distinfuished from the “short” ton of 2,000 pounds. ee Rev. St. U. S.