Mr. Perkins said the family plans to be long-term holders in the three banks.

Therefore, even long-term holders of the fund receive an extra tax bite if they own their Berger 100 shares in a taxable account.

But they will be designed to encourage you to be a long-term holder rather than to enable you to take a quick profit.

The units could function for a long-term holder much like a mutual fund, with the difference that management fees would not have to be paid.

Eurotunnel tried to attract individual investors with free travel for long-term holders of its shares.

It is possible that some companies might not want to declare the entire amount every year, however, arguing that was beneficial to long-term holders.

More patient long-term holders of brokerage shares might not be taking on as much risk, though, Mr. Long and others said.

The pension agency typically does not like to be a long-term holder of stock.

By choosing long-term holders of assets rather than lenders, it hoped to by-pass the banking system.

"Furthermore, most gold share buyers tend to be long-term holders rather than traders."