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TeachMeFinance.com - explain For the long account historic definition... For the long account -- When stocks are bought on margin they are bought for the long account. The expression is little used except in referring to the aggregate as distinguished from individual buying. Buying to close short contracts is not, of course, buying for the long account. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.