long term capital gainglossary / long-term capital gain The profit realized from selling or exchanging a capital asset held for more than a specified period, usu. one year. [Cases: Internal Revenue 3260. C.J.S. Internal Revenue § 127.] 词条贡献者 法律翻译William,毕业于法国一流的高级翻译学院,擅长翻译有关农业和食品领域的法律文件。