Meaning of “long-tail” in the English Dictionary

"long-tail" in Business English

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long-tailadjective

uk us INSURANCE

happening a long time after the start of an insurance agreement, or taking a long time to be decided:

a long-tail claim/risk This has paved the way for the company to handle old, long-tail claims.

long-tailnoun [ U ]

uk us ECONOMICS

also Long Tail the idea that the availability of products online has changed the economy by allowing companies to make a profit selling small quantities of many products rather than large quantities of the same product:

Part of Virgin's success grew from carrying a diverse product line, which hints at author Chris Anderson's Long Tail theory.

(Definition of “long-tail” from the Cambridge Business English Dictionary © Cambridge University Press)